JSE Partners With Ghana Stock Exchange

• The Jamaica Stock Exchange (JSE) has entered into a partnership with the Ghana Stock Exchange (GSE), which will see the capital markets of Jamaica and Ghana expanding their products and services to investors in both countries. 
• This is being facilitated under a Memorandum of Understanding (MOU) of Mutual Recognition, which was signed by representatives of both entities during a special Bell Ringing ceremony on Monday (May 2) at the JSE’s Harbour Street office in Kingston.
• This partnership is beneficial to both parties as it will strengthen linkages between both countries, provide investors with more options for diversification, and it will also strengthen investor participation among both exchanges. 
• Managing Director of the JSE, Dr. Marlene Street Forrest highlighted that there are certain commonalities that make the alliance with Ghana ideal, pointing out, for example, that like Jamaica, Ghana has a growing, young, educated middle-class population that has a high demand for goods and services. 
• Additionally, she expects that over the next several years’ companies globally will set up industries and companies in Africa and the Caribbean, and as such the stock exchange will be perfectly poised to benefit from such an expansion.

(Sources: JIS News and NCBCM)