Effective November 24, 2022, Abena Amoah will take charge as the new Managing Director of the Ghana Stock Exchange following her appointment by the Council.
Amoah, an alumna of the University of Ghana Business School will take over from Ekow Afedzie, the current Managing Director, who will retire from the Exchange on November 23, 2022, after 32 years of stellar service.
“Ms Amoah, who joined the Exchange as Deputy Managing Director on August 1, 2020, has been in the capital market industry for more than 24 years and is highly respected for her technical knowledge, business acumen, outstanding professionalism and integrity.
Her experience covers stock market listings and trading, mergers and acquisitions advisory, investment research, asset management, private placement of equity, debt and hybrid instruments, large infrastructure project development, business start-ups and incubation, public education on investment and financial matters, and capital markets development,” the statement reads.
It added that she had previously worked with the Blacktvy Group LLC; Renaissance Group, where she was CEO of NewWorld Renaissance Securities Ltd and Head of Investment Banking & Finance in West Africa (ex-Nigeria) for Renaissance Capital; and Strategic African Securities Led, where she was Executive Director.
Amoah undertook academic and leadership studies at the Stanford Graduate School of Business, Harvard Business School and the University of Denver’s Daniels College of Business.
Amoah takes over at a time when the Exchange is implementing two major programmes: a three-year strategy plan to transform from a frontier market to an emerging market; and the demutualisation of the Exchange, a strategy transition that will result in a group of related companies, including a limited liability company to manage market operations and a company limited by guarantee to undertake public education and other market development activities.