This was announced at the company’s 32nd Annual General Meeting in Accra.

Ekow Afedzie was appointed as the Managing Director of the Exchange on January 1, 2020.

Commenting on his exit, Mr. Afedzie expressed gratitude to the Council of the Exchange chaired by Abena Osei-Poku, Managing Director of Absa Bank, for its unswerving support and commitment to the development of the local bourse.

“I wish to express my sincere thanks and gratitude to the Council for their unwavering support and commitment to the development of the Exchange. My deepest appreciation also goes out to our stakeholders: Licensed Dealing Members, Ghana Fixed Income Dealers, Associate Members, Listed Companies and the financial media houses for their unflinching support towards the growth of the capital market.

“I wish to also show my appreciation to my management colleagues and staff for their commitment to the development of the Exchange for all the 31 years that I have been part of this great organisation”, he said.

“As I bow out to proceed on my retirement, I am very convinced that I am leaving the Exchange in capable hands to continue the great work that we have started to move the Exchange from a frontier market to an emerging market, contributing significantly to the development of the Ghanaian economy”, he added.

Profile of Ekow Afedzie

Mr. Afedzie was confirmed the MD of the GSE, effective January 1, 2020. Before then, he was acting as Managing Director since August 1, 2019, taking over from Kofi Yamoah.

Before he assumed the role of Managing Director, he was the Deputy Managing Director for 10 years.

Ekow Afedzie has worked with the Ghana Stock Exchange, GSE since its inception in 1990.

He brought on board over 28 years of experience in the capital market, some of which were spent as the Head of Marketing, Research and Systems and as General Manager of the Exchange.