The Ghana Stock Exchange (GSE) has signed a Memorandum of Understanding (MoU) with Minerals Income Investment Fund (MIIF).
The MoU was signed with the view to establish a practical framework for the development of stronger business relations between the two parties and set forth the procedures to create an asset class and promote the trade in minerals securities on any of the GSE’s market.
As part of the collaboration, MIIF is expected to recommend all mining companies in which it has equity investments for listing on the GSE. Furthermore, MIIF will develop a sustainable mining program for small-scale miners that will provide feedstock to certified gold for an Exchange Traded Fund.
In her remarks at the signing ceremony, managing director of GSE, Abena Amoah expressed her excitement about the partnership with MIIF and opportunities it presents.
‘‘The two mining companies listed on the Exchange is not a good reflection of Ghana’s position as the largest producer of gold in Africa. There must be a deliberate strategy to get more mining companies list on the Exchange to deepen the local capital market. This partnership is therefore timely, and it will also maximize the value derived from the country’s mineral resources once these listings crystalize” Miss Abena Amoah said.
Source:Mybrytfmonline.com
