Ghana Stock Exchange - Photo source: cedidollar.com

The UN Sustainable Stock Exchange initiative has welcomed the Ghana Stock Exchange (GSE) as a new member of the initiative.

The newest partner joins a network of now 116 stock exchanges and 13 derivatives exchanges around the world that are committed to promoting sustainable development.

GSE has solidified its commitment to transparency and sustainability by becoming a partner exchange of the UN SSE initiative.

The SSE works with exchanges through technical assistance, consensus building, and research to contribute to the achievement of the United Nations Sustainable Development Goals (SDGs) and to stimulate investment for a sustainable future.

Exchanges around the world partner with the SSE to work towards a common objective of fostering financial markets that support the growth of sustainable and responsible business practices.

Ekow Afedzie, Managing Director of Ghana Stock Exchange describes the move as timely since the Ghanaian bourse is experiencing some transformations.

“Joining the UN Sustainable Social Exchange initiative could not have come at a better time when there is a global trend towards sustainability-themed products by most Exchanges across the world to support Environmental, Social, and Governance Initiatives (ESG).

Being part of this initiative further reinforces our commitment to ESG following the recent approval of Green Bond and Sustainability-themed product rules in the Ghanaian capital market” he said.

The SSE initiative is a UN Partnership Programme with the mission to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals.