Vol 2, No 3 (2014)

The State of Ghana’s Capital Market

Emmanuel Acquah-Sam


This paper presents the analysis of the views of capital market regulators, market managers, and market operators on the state of the capital market in Ghana. In this, the level of development of the capital market, the extent of participation in capital market activities, problems militating against its development and the suggested measures that can propel the overall development of the market are discussed. Primary data was mainly used for the study and was analysed by frequency distribution techniques. The study found that the market in Ghana is still developing, illiquid, because of inadequate participation in market activities by companies and individual investors. The market is also dominated by institutional and foreign investors. Market regulators, managers, and market operators are admonished to develop attractive products and implement appropriate policies to guide its development. The government of Ghana must ensure a stable macroeconomic environment to promote private participation in the market.

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Ghana; Capital Market Development; Ghana Stock Exchange; Market Regulators; Market Managers; Market Operators

Publication information

Volume 2, Issue 3
Year of Publication: 2014
ISSN: 1857 - 8721
Publisher: EDNOTERA

How to cite

Acquah-Sam, E. (2014). The State of Ghana’s Capital Market. Journal of Applied Economics and Business, Vol 2, No. 3, 55-66.