The Exchange is governed by a Council of nine representing three independent members, two representatives of licensed dealing members, two listed company representatives, and two executives
Leadership
GSE Council
Kofi Adomakoh is the Managing Director of GCB Bank Plc (GCB), Ghana’s foremost and largest indigenous bank, and the President of the Ghana Association of Banks. He has a distinguished career spanning over three decades in the banking industry.
Kofi is a seasoned banking professional renowned for his leadership and experience in international, regional, and domestic financial institutions. For the past seventeen years, he has held executive management positions, developing formidable teams, driving strategic initiatives, and achieving organisational objectives.
Before assuming his role at GCB Bank in November 2020, Kofi served as the Director and Global Head for Project and Asset-Based Finance at the African Export-Import Bank (AFREXIMBANK) in Cairo for eleven years. Prior to that, he held executive leadership positions at Barclays Bank Ghana Limited (now ABSA Bank), Ecobank Ghana Limited, and the erstwhile Trust Bank Limited.
Kofi’s expertise covers Corporate/Institutional Banking, Transaction Banking, Development Finance, and Project and Export Finance. He has a proven track record of delivering business transformation and achieving high-value outcomes.
Notably, Kofi has led and structured various transactions exceeding USD 10 billion across various sectors, including manufacturing, health, telecommunications, energy (oil and gas), transportation (ports, airports, rails, and roads), mining, and agriculture across multiple countries in Africa. Recognised for his inspirational and dynamic leadership style, Kofi nurtures collaboration and develops high-performance teams to drive significant business growth even during uniquely challenging situations.
Kofi has acquired extensive executive education from prestigious institutions, including Harvard Business School and INSEAD. He also holds an Executive Master’s degree in Business Administration and a Bachelor of Science in Agriculture, with a major in Economics, both from the University of Ghana. He completed his Ordinary and Advanced Level education at St. Augustine’s College, Cape Coast, between 1979 and 1986.
Beyond his professional endeavours, Kofi is a devoted family man, married with two children. He has a strong passion for sports as an avid supporter of Manchester United and Kumasi Asante Kotoko football clubs.
Abena Amoah is the first female Managing Director of the Ghana Stock Exchange, appointed by the Exchange’s Council effective November 24, 2022.
Ms. Amoah is an accomplished investment banker and capital markets expert who has led on many landmark transactions for more than 20 years.
Abena’s 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 strategies, across diverse sectors of the Ghanaian environment.
Ms. Amoah is an accomplished investment banker and capital markets expert who has led on many landmark transactions for more than 20 years.
Abena’s 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 strategies, across diverse sectors of the Ghanaian environment.
She has served on boards of companies – publicly listed, private and not-for-profit – such as Access Bank PLC, African Women’s Development Fund, Ghana Stock Exchange, Ghana Petroleum Funds, Kosmos Energy Ghana HC Advisory Council, The Foschini Group Ghana Ltd, University of Ghana Council, Venture Capital Trust Fund and Wapic Insurance Ghana Ltd. She has been an advisor to the Government of Ghana and financial sector regulators in West Africa on the deepening of financial markets, and is highly respected in her industry for her outstanding professionalism and integrity.
Abena started her career as an investment analyst and stockbroker, growing to build and lead top investment banks in Ghana. She has previously worked with the BlackIvy Group LLC, where she led development of the 400-acre WestPark Industrial Park at Shama in the Western Region; 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 Ltd, where she was the Executive Director of the company.
Abena is an alumna of the University of Ghana Business School, and has also undertaken academic and leadership studies at the Stanford Graduate School of Business, Harvard Business School and the University of Denver’s Daniels College of Business, all in the USA. She was a founding executive of the Ghana Securities Industry Association, an Authorised Dealing Officer of the Ghana Stock Exchange and an Assessor (Capital Markets Expert) of the Commercial Division of the High Court of Ghana.
Frank is a well-rounded finance professional, adept at capital markets, taxation, financial economics, corporate finance, wealth management and performance optimisation. He has over two decades of corporate experience with a strong focus on driving operational excellence, implementing growth-oriented solutions, and executing strategic initiatives.
His responsibility as Deputy Managing Director is to provide leadership and strategic direction for the various operational departments of the Exchange.
Since joining the Exchange in January 2004, Frank has held diverse roles in finance, operations, administration, recruitment & human capital management, surveillance, and clearing & settlement.
He has had extensive professional experience in business strategy and capital market regulation including study tours to many Stock Exchanges in Africa, America, Asia, and Europe.
A chartered accountant by profession, Frank has additional chartered qualifications in taxation, financial economics, and wealth management. He is a Fellow of the Chartered Institute of Taxation, Ghana, and a member of the Institute of Chartered Accountants, Ghana, Association of Certified Chartered Economics, USA and Global Academy of Finance & Management, USA.
In addition, he holds the chartered management accounting qualification and membership of the Chartered Institute of Management Accountants (CIMA), UK. Frank is also a Chartered Global Management Accountant (CGMA) with the Association of International Certified Professional Accountants (AICPA), the largest global accountancy body that combines the strength of the American CPA and the British CIMA.
Frank holds a Master of Philosophy degree in Economics from the University of Cape Coast; and a Bachelor of Commerce degree, done concurrently with Diploma in Education, from the same University.
He currently serves on the board of the Central Securities Depository (Ghana) Ltd.
Naana is an experienced non-executive board director and business executive with a 24-year international career as a private equity and private credit investor, a marketer and brand manager of consumer brands, and an investment banker.
She joined Norfund in 2017 and is the Regional Director, West Africa and a Member of Norfund’s 6-person (Global) Credit Committee. She is responsible for Norfund’s strategy and its execution across all countries in West Africa. Norfund is Norway’s development finance institution which does private equity and private credit investing for commercial returns and development impact in sub-Saharan Africa, in industries including financial institutions, manufacturing, agribusiness, renewable energy, services and green infrastructure.
She has previously worked as Investment Director at Sagevest Holdings, an investment holding company making private equity investments in Ghana; as Vice President, Developments & Investments at Travant Real Estate, Lagos, Nigeria; as Senior Brand Manager at the Timberland Company, USA; as Marketing Manager at CVS Corporation, USA and as Financial Analyst, Investment Banking at Goldman Sachs & Co, USA.
She currently serves as a non-executive director on the board of CBI Ghana Ltd, a cement manufacturer in Ghana, as a member of Harvard Business School’s Africa Advisory Board and as a member of Verod Capital (a West-African private equity investor) Fund III’s Advisory Committee. She was previously a member of the Investment Advisory Committee of the Ghana Petroleum Funds, the sovereign wealth fund of Ghana.
Naana holds a Master in Business Administration degree from Harvard Business School and a Bachelor of Arts Degree in Economics from Vassar College. She also possesses a Certificate in Board Direction from the Institute of Directors (UK).
Seth is the Executive Director of SIC Brokerage Ltd. and a member of the Ghana Securities Industry Association (GSIA). Prior to joining SIC Brokerage Ltd., He was an Associate Vice-President of IC Securities (Ghana) Ltd. responsible for heading the Brokerage Department, haven previously worked with SDC Brokerage Services as an Authorised Dealing Officer (ADO). As a Registered Securities Dealer (RSD) licensed by the Securities and Exchange Commission and the Ghana Stock Exchange, with over twenty-five years’ experience, he has initiated and executed numerous block trades worth several millions of Ghana Cedis on the Ghanaian bourse on behalf of both local and foreign investors.
As Executive Director providing strategic and visionary leadership at SIC Brokerage for over a decade now, Seth has led various business development programmes including processes leading to the listing of a number of companies on the Ghana Stock Exchange. He has also headed a team to establish Provident Fund Schemes for a number of associations whose members are on the payroll of the Government of Ghana.
Seth holds an Executive MBA in Banking and Finance from the Paris Graduate School of Management, Paris France and a degree in BSc Admin in Banking and Finance from the University of Ghana, Legon. He has undertaken a course and holds a certificate in Domestic Debt Management in West Africa, jointly organized by the West African Institute of Finance and Economic Management/United Nations Institute of Training and Research (WAIFEM/UNITAR). He is an avid writer of stock market articles in both local and international newspapers and magazines.
Pearl Nkrumah is a visionary banking executive with over 25 years of global experience working with multinational banks. Driven by a profound sense of purpose, she extends her impact beyond corporate boundaries, advocating for empowerment, education, and inclusion. Her journey so far is testament to her commitment to making a lasting difference in society.
Currently serving as the Executive Director for Retail and Digital Banking at Access Bank (Ghana) PLC, she spearheads the bank’s digital strategy and retail growth, significantly impacting leadership and strategic implementations to meet financial objectives and enhance shareholder value. Pearl has a passion for creating solutions for clients that enhance growth and value. Additionally, she serves as a Council Member on the Ghana Stock Exchange, advocating for Listed Companies.
Pearl's commitment to lifelong learning is evident in her diverse academic pursuits. She holds an MBA and a BSc in Business Administration (Marketing) from the University of Ghana, an LLB from the Ghana Institute of Management and Public Administration and has completed executive leadership programs at Harvard Business School. Additionally, her commitment to sustainable business practices is highlighted by a recent certificate in Environmental, Social, and Governance (ESG).
Additionally, her commitment to sustainable business practices is highlighted by a recent certificate in Environmental, Social, and Governance (ESG).
Audrey is the Managing Partner at AudreyGrey (since 2018), a boutique law firm specializing in corporate and commercial law, financial markets law, corporate restructuring and insolvency, banking & finance and taxation. Her experience includes advising on a wide range of transactions relating to capital markets, finance and accounting, regulatory compliance, corporate restructuring, employee compensation schemes and tax matters.
From 2015 to 2017, Audrey worked at N Dowuona & Co, a corporate and commercial law firm in Ghana where she advised on several large financial market transactions, listed security transactions, and dealt with tax matters on behalf of clients. Prior to this, she was Manager, Finance and Operations at Synergy Capital (Gh) Ltd from 2012 to 2015.
Audrey also worked at PwC from 2005 to 2011, where she honed her strong financial and analytical skills. She worked on complex liquidations, insolvency and restructuring assignments as well as corporate finance transactions. Notable among them are the liquidations of Ghana Airways Ltd and Plant Pool Ltd as well as due diligence assignments involving large public bodies such as Merchant Bank Ghana and the Volta River Authority (VRA).
Audrey currently serves on the boards of Metropolitan Life Insurance and Metropolitan Pensions Trust. She has previously served on the boards of the Ghana Association of Savings and Loans Companies, Metropolitan Health Insurance and Balmar Inc Technologies. Audrey has also served as the Chairperson of the Association of Certified Chartered Accountants (ACCA) Members Network Panel for Ghana and has also chaired and served on a member of notable professional committees of the Ghana Association of Restructuring and Insolvency Advisors (GARIA). Audrey is also an Expert Columnist with the Business and Financial Times.
Audrey is a licensed Barrister and Solicitor of the Supreme Court of Ghana. She holds a Professional Baccalaureate in Law (BL) from the Ghana School of Law; a Bachelors in Law (LLB) from the University of Ghana Faculty of Law; and a BA in Psychology and Economics, from the University of Ghana (Legon).
She is also an experienced Chartered Accountant and a member of the Association of Chartered Certified Accountants (ACCA) UK and the Institute of Chartered Accountants Ghana (ICAG). She is also a member of the Ghana Bar Association (GBA), Institute of Directors (UK), the Ghana Association of Insolvency and Restructuring Advisors (GARIA) and undergoing a charter from the Chartered Institute of Taxation (CIT).
Benjamin Brighte Ackah-Nyamike is the General Manager of UMB Stockbrokers Limited, a pioneer Brokerage firm on the Ghana Stock Exchange where he leads the execution of the institution’s long-term strategic plan. He has exhibited in a career spanning over 20 years, skills in Marketing, Brokerage, Financial Analysis and Management resulting in Mergers, acquisitions, and listings on the Ghana Stock Exchange including the merger of Dannex Ltd, Ayrton Drug Manufacturing Ltd and Starwin Products Ltd to Daspharma PIc. Prior to this role, he was the CEO of HFC Brokerage now Republic Securities, where he provided leadership to position the Company at the forefront of the industry.
Benjamin is a Registered Securities Dealer of the Ghana Stock Exchange, a CIMA Associate member and a Chartered Global Management Accountant. He holds an MBA in Finance from the Ghana Institute of Management and Public Administration (GIMPA) and a BSc. in Chemistry from the University of Ghana.
Benjamin is a Registered Securities Dealer of the Ghana Stock Exchange, a CIMA Associate member and a Chartered Global Management Accountant. He holds an MBA in Finance from the Ghana Institute of Management and Public Administration (GIMPA) and a BSc. in Chemistry from the University of Ghana.
Frederick is a practicing Insurer with 18 years industry experience spanning Technical Operations, Marketing and Strategy. He joined Vanguard Assurance in 2018 as the Chief Operations Officer and was appointed Chief Executive Officer a year later. His strategic leadership is the driving force behind the substantial growth of Vanguard Assurance Company Limited, recording a notable increase of 170% in Premium Income (revenue) within a four-year period, from 2019 to 2023. His strategic vision and managerial acumen were instrumental in securing significant investment of almost nine million United States Dollars ($9,000,000.00) for Vanguard Group Limited and Vanguard Assurance Company Limited from the InsuResilience Investment Fund (IIF) through Impact Investment Managers, BlueOrchard Investment Limited, based in Switzerland.
Frederick’s leadership over the period revitalized Vanguard Assurance, earning him well-deserved industry recognition as the CEO of the Year in both the Ghana Insurance Awards (Non-Life category) in 2022 and the Ghana CEO Awards (Insurance Category) in 2023. Prior to joining Vanguard Assurance, he worked for Sanlam Insurance Ghana Limited as the Chief Operations Officer, where he was responsible for steering the company’s Technical Operations.
Frederick is a Chartered Insurer and an Associate of the Chartered Insurance Institute, UK and a Fellow of the Chartered Insurance Institute of Ghana. He also holds an MBA and BA in Economics and Law, both from the Kwame Nkrumah University of Science and Technology. In addition, he holds a Group Diploma in Marketing awarded by the London Chamber of Commerce and Industry (LCCI). Frederick is currently a doctoral student at Noble International Business School (NIBS).
Being passionate about Innovation, Governance and Sustainability, he prioritizes sustainability and responsible practices that ensure a harmonious integration of business goals with environmental, social, and governance (ESG) considerations. He currently serves on the Boards of Vanguard Assurance Company Limited, West African Insurance Companies Association (WAICA), Ghana National Bureau – ECOWAS Brown Card Insurance Scheme and the Clients Rescue Fund (CRF). Frederick is an avid reader and football enthusiast.
Akua is the Legal Advisor and Company Secretary of the Exchange and provides legal advice across the full spectrum of the Exchange's business. She is also responsible for the Exchange's compliance function and ensures that the Exchange complies with its legal and regulatory requirements as well as internal policies, and that Listed Companies and Licensed Dealing Members fulfil their continuing obligations to the Exchange.
Prior to joining the Exchange, Akua practiced at the law firm, Bentsi-Enchill, Letsa & Ankomah, where she worked on local and international transactions in the energy, petroleum, and mining sectors. She has also previously worked in Human Resources and Administration at AngloGold Ashanti Limited.
Akua holds a Master of Laws Degree (LL.M.) from Columbia University, New York; a Bachelor of Laws Degree (LL.B.) from the University of Ghana; and a Bachelor of Arts Degree (B.A.) in Management and Psychology, also from the University of Ghana. In addition, she holds a Qualifying Certificate in Law from the Ghana School of Law, where she was awarded the Best Graduating Student in the Law of Taxation at her call to the bar.
She has received legal and capital market training from reputable institutions such as Clifford Chance, U.K; International Law Institute in the U.S.A; and the International Capital Market Association (ICMA). She is a member of the Ghana Bar Association and the International Bar Association.
GFIM Committee
Dr. Maxwell Opoku-Afari was appointed as the First Deputy Governor of the Bank of Ghana on August 7, 2017.
Prior to his appointment, Dr. Opoku-Afari worked at the IMF in various capacities including as Mission Chief and Deputy Division Chief in the African Department of the IMF.
His work at the IMF focused on IMF negotiation missions, policy design in the area of monetary policy modernization and macro financial linkages, and was a reviewer of policy documents on a number of developing countries.
He holds a first degree in Economics and Statistics, and an MPhil in Economics, both from the University of Ghana, Legon and also a Ph.D. in Economics from the University of Nottingham in the United Kingdom.
Prior to his appointment, Dr. Opoku-Afari worked at the IMF in various capacities including as Mission Chief and Deputy Division Chief in the African Department of the IMF.
His work at the IMF focused on IMF negotiation missions, policy design in the area of monetary policy modernization and macro financial linkages, and was a reviewer of policy documents on a number of developing countries.
He holds a first degree in Economics and Statistics, and an MPhil in Economics, both from the University of Ghana, Legon and also a Ph.D. in Economics from the University of Nottingham in the United Kingdom.
Augustine started his working career in Information Technology as a Systems Administrator with the IT Department of Bank of Ghana in May 1995. In 2001 he was seconded from the Central Bank to the West African Monetary Institute (WAMI) as Information Technology Manager when WAMI was established in 2001 and returned to Bank of Ghana in 2003. He was reassigned from the IT Department to the Central Securities Depository of Bank of Ghana to join the management team of the Securities Depository in the following year.
He later moved to the Ghana Stock Exchange in July 2006 to join the management team of the Exchange to play a leading role in the automation of the Exchange and lead key strategic development in information technology and other important initiatives at the Exchange; including the establishment of the GSE Securities Depository and its later merger with the Central Securities Depository of Bank of Ghana into the Central Securities Depository (GH) Ltd, the Ghana Alternative Market and the Ghana Fixed Income Market.
Augustine served as the Head of the Information Technology Department of the Ghana Stock Exchange from July 2006 till July 2019 when he was reassigned to head the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange, a market which he played a key role in its establishment in 2015. He continues to spearhead various strategic initiatives in the capital market of Ghana. He is a member of the Technical Committee of GFIM, a member of the Market and Products Working Group managing the Capital Market Master Plan (CMMP). He also serves as a member of the Governing Committee of the Ghana Fixed Income Market and a member of the Institute of Directors-Ghana (IoD-Gh).
He holds an EMBA (Finance option) from University of Ghana, Legon and a BSc (Computer Science) from Kwame Nkrumah University of Science and Technology, Kumasi.
He later moved to the Ghana Stock Exchange in July 2006 to join the management team of the Exchange to play a leading role in the automation of the Exchange and lead key strategic development in information technology and other important initiatives at the Exchange; including the establishment of the GSE Securities Depository and its later merger with the Central Securities Depository of Bank of Ghana into the Central Securities Depository (GH) Ltd, the Ghana Alternative Market and the Ghana Fixed Income Market.
Augustine served as the Head of the Information Technology Department of the Ghana Stock Exchange from July 2006 till July 2019 when he was reassigned to head the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange, a market which he played a key role in its establishment in 2015. He continues to spearhead various strategic initiatives in the capital market of Ghana. He is a member of the Technical Committee of GFIM, a member of the Market and Products Working Group managing the Capital Market Master Plan (CMMP). He also serves as a member of the Governing Committee of the Ghana Fixed Income Market and a member of the Institute of Directors-Ghana (IoD-Gh).
He holds an EMBA (Finance option) from University of Ghana, Legon and a BSc (Computer Science) from Kwame Nkrumah University of Science and Technology, Kumasi.
Mr. Joseph Oko Abumah Lartey is the Chief Executive Officer of the Central Securities Depository (GH) LTD, a role he assumed in October 2023. Mr. Lartey has over 25 years of experience in the Financial Services Industry with a strong focus on information technology.
Before he was appointed the Chief Executive Officer of the CSD, he was an Assistant Director at the Bank of Ghana and the Head of Information Technology (IT) Operations of the Bank. Mr. Lartey has played vital roles in significant projects designed to shape the growth of Ghana’s financial industry ecosystem by the Bank of Ghana.
Before he was appointed the Chief Executive Officer of the CSD, he was an Assistant Director at the Bank of Ghana and the Head of Information Technology (IT) Operations of the Bank. Mr. Lartey has played vital roles in significant projects designed to shape the growth of Ghana’s financial industry ecosystem by the Bank of Ghana.
Mr. Lartey was a core team member responsible for implementing the Central Securities Depository (CSD) project at the Bank of Ghana in 2004. Also, he was a member of the team that worked with the Parliamentary Sub-Committee on Finance to review and bring into being the Central Securities Depository Act 2007 (Act 733). He worked on debt instruments from his early days in the Bank, seeing its transition from the hand-written certificated form to the present electronic book entry form. He has undertaken study visits to nineteen (19) Securities Depositories and Exchanges worldwide, including STRATE in South Africa and NSDL of India.
The Bank previously seconded Mr. Lartey to serve as the first Head of the IT Department of the CSD (GH) LTD when finally, the CSD became a fully-fledged company in 2010 until 2013, when he was called back to the Bank. He has since continued to offer technical assistance to the CSD on several projects. He led the implementation of CSD’s Information Security Management System (ISO/IEC27001) and Business Continuity Management System (ISO/IEC22301). Also, he played an instrumental role in various projects at the CSD, including the Securities Depository Project and the Automated Trading System (ATS) project at the Ghana Stock Exchange. He was part of the team that facilitated the merger of the Bank of Ghana CSD and the GSE CSD into the current CSD in 2013.
Mr. Lartey is an IT specialist with a rich educational background in IT and Finance, and an alumnus of reputable institutions in the UK and Ghana. He holds a double Master, MSc. in Business Information Technologies from the University of Manchester, United Kingdom, and an MBA in Finance from the University of Ghana. He obtained his first-degree B.Sc. in Computer Science from the Kwame Nkrumah University of Science and Technology, Ghana. He also has qualifying certifications in ISO/IEC 27001 Lead Implementer/Leader Auditor and ISO/IEC 22301 Lead Implementer.
Zakari Mumuni is the Director of Financial Markets Department at the Bank of Ghana and a member of the Monetary Policy Committee (MPC). Prior to assuming the role of Director of Financial Markets, Zakari was the head of Modelling and Forecasting Office at the Research Department of the Bank. For many years, Zakari served as a policy analyst in the Bank, providing analytical support and policy advice to the MPC on monetary and financial market developments, financial programming and policy, inflation, fiscal and debt sustainability analysis, among others. Zakari also served as Special Assistant to the Governor.
Zakari holds a PhD in Economics from the School of Economics, University of Nottingham, United Kingdom. He has Research Papers published in a number of High Tier Journals and Book Chapters.
Samuel Danquah Arkhurst is a Chief Economics Officer and Director of Treasury and Debt Management Division of the Ministry of Finance. He has 30 years of experience as an Economist. As the Director of Treasury and Debt Management he was a key figure in the current public debt management policies in the areas of reprofiling maturing domestic debt, introduction of the book building process for auction in Ghana, buy-back programme for loans from the international capital markets and debt restructuring.
Samuel has played major roles in different Divisions of the Ministry. He was involved in macroeconomic modelling and financial programming of the country for Ghana when he was in the Policy Analysis Division. He was the Ministry of Finance representative in the GIFMIS project for our first phase of public financial management reforms when he was in the Budget Division. On budgeting, he was the Head of Public Expenditure Monitoring Unit and helped develop the current cash flow planning and expenditure monitoring and analysis and also was once the Head of Tax Policy Unit.
Samuel has played major roles in different Divisions of the Ministry. He was involved in macroeconomic modelling and financial programming of the country for Ghana when he was in the Policy Analysis Division. He was the Ministry of Finance representative in the GIFMIS project for our first phase of public financial management reforms when he was in the Budget Division. On budgeting, he was the Head of Public Expenditure Monitoring Unit and helped develop the current cash flow planning and expenditure monitoring and analysis and also was once the Head of Tax Policy Unit.
Winston is the CEO of Amber Securities Limited, a Member of the Ghana Stock Exchange and President of the Ghana Securities Industry Association. He is an accomplished financial adviser, stockbroker and capital markets expert who has led many landmark transactions in Ghana capital market in the past 20years. His experience covers securities trading, investment research, stock market listings and delistings, mergers & acquisitions and capital markets development strategies.
Winston was a member of the steering committee responsible for setting-up the Ghana Fixed Income Market in 2015. He is currently a member of the steering committee tasked with the implementation of the Capital Market Master Plan an industry strategic plan promoted by the Securities & Exchange Commission and the Domestic Credit Rating Agency sponsored by the Ministry of Finance.
Winston serves on various boards and committees such as – Governing Council of the Ghana Fixed Income Market, Business Conduct Committee of Central Securities Depository (GH) Limited and the Governing Council of the Ghana Securities Industry Association. He also served on the Board of the Ghana Stock Exchange between 2009 and 2015.
Winston is a graduate of the University of Ghana Business School and the Department of Economics of the University of Ghana, where he obtained a BA in Economics & Management, and Brunel University, UK, where he obtained an MSc in International Money, Finance and Investments. He is also an authorised dealing officer of the Ghana Stock Exchange.
Lawrence is the Head of Fixed Income Sales & Distribution at GCB Bank Plc. In this role, he is responsible for developing, owning, and executing the bank's Fixed Income Distribution strategy to cater to a diverse range of client groups. His duties involve the use of risk management tools and structured financial products to effectively achieve client investment objectives.
Before his current role at GCB Bank, Lawrence served as the Head of Fixed Income Sales at Fidelity Bank Ghana Limited, where he honed his expertise in Fixed Income Distribution, Debt Portfolio Management, Foreign Exchange (FX), Pension Fund Management, and Custody Services.
With nearly 13 years of professional experience in the financial markets, Lawrence has established himself as a seasoned expert in his field. His comprehensive knowledge and strategic approach have significantly contributed to the institutions he has worked with.
In addition to his professional role, Lawrence is the President of ACI Ghana. His journey with ACI Ghana has been distinguished, beginning as the General Secretary of the association, a position he was elected to for two consecutive terms from 2016 to 2020. ACI Financial Markets Association (ACI FMA) is a leading global trade association representing the interests of the professional wholesale financial markets community. Lawrence also serves on the Ghana Fixed Income Market (GFIM) Governing Committee and is a member of the Strategy Committee of ACI FMA International.
Lawrence’s academic qualifications include a First Class Bachelor's degree from the University of Ghana Business School (UGBS), a Master's degree, and an ACI Dealing Certificate. He is also a member of the Institute of Chartered Accountants, Ghana (ICAG).
Nana is the founder and Chief Executive Officer of Bora Capital Advisors. He has over 25 years’ experience in the investment banking industry in Ghana and has worked on several major transactions in Ghana and the West African sub-region. Prior to founding Bora Capital, Nana was the CEO of Fidelity Securities and Head of Investment Banking within the Fidelity Group for over 5 years.
He has worked as a Regional Investment Officer in Ecobank Capital, responsible for capital market deals within West and Central Africa. He also served as Head of Corporate Finance at UMB Bank (then Merchant Bank Ghana) where he led major landmark transactions within banking, mining, breweries, automobile industries.
Nana has an MBA from Carlson School of Management, University of Minnesota in the USA, a BA Economics and Computer Science from the University of Ghana and is a Chartered Banker (ACIB from both England & Wales and Ghana Institute of Bankers). He is a member of the Governing Council of Ghana Securities Industry Association and serves on the boards of many firms and funds within the country.
Afua Twumwaa Bulley is Stanbic Bank Ghana’s Head of Global Markets. Prior to taking up this role she was the Head of Global Markets Sales in the same institution responsible for developing new business opportunities and engaged in cross selling of treasury products to clients.
A leading expert in Financial Markets in Ghana she holds an MSC in Finance from the University of Strathclyde in Glasgow, Scotland and a BSC in Computer Science and Statistics from the University of Ghana, Legon.
Afua has over 23 years of multi-role experience in Ghana’s financial markets and a strong grounding in corporate banking with specialist skills in Markets.
She has an extensive network of high-level relationships across both government and private sectors.
Afua has played an important role in deepening Ghana’s financial markets over the years. Amongst other roles she was part of the team that advised the government on the roll out of its private equity programme. Afua has also served as an instructor on Ghana’s stock exchange. She currently serves on the board of SBG Securities and is a member of the Investment Committee of Stanbic Investment Management Services.
GFIM Technical Committee
Winston is the CEO of Amber Securities Limited, a Member of the Ghana Stock Exchange and President of the Ghana Securities Industry Association. He is an accomplished financial adviser, stockbroker and capital markets expert who has led many landmark transactions in Ghana capital market in the past 20years. His experience covers securities trading, investment research, stock market listings and delistings, mergers & acquisitions and capital markets development strategies.
Winston was a member of the steering committee responsible for setting-up the Ghana Fixed Income Market in 2015. He is currently a member of the steering committee tasked with the implementation of the Capital Market Master Plan an industry strategic plan promoted by the Securities & Exchange Commission and the Domestic Credit Rating Agency sponsored by the Ministry of Finance.
Winston serves on various boards and committees such as – Governing Council of the Ghana Fixed Income Market, Business Conduct Committee of Central Securities Depository (GH) Limited and the Governing Council of the Ghana Securities Industry Association. He also served on the Board of the Ghana Stock Exchange between 2009 and 2015.
Winston is a graduate of the University of Ghana Business School and the Department of Economics of the University of Ghana, where he obtained a BA in Economics & Management, and Brunel University, UK, where he obtained an MSc in International Money, Finance and Investments. He is also an authorised dealing officer of the Ghana Stock Exchange.
Augustine started his working career in Information Technology as a Systems Administrator with the IT Department of Bank of Ghana in May 1995. In 2001 he was seconded from the Central Bank to the West African Monetary Institute (WAMI) as Information Technology Manager when WAMI was established in 2001 and returned to Bank of Ghana in 2003. He was reassigned from the IT Department to the Central Securities Depository of Bank of Ghana to join the management team of the Securities Depository in the following year.
He later moved to the Ghana Stock Exchange in July 2006 to join the management team of the Exchange to play a leading role in the automation of the Exchange and lead key strategic development in information technology and other important initiatives at the Exchange; including the establishment of the GSE Securities Depository and its later merger with the Central Securities Depository of Bank of Ghana into the Central Securities Depository (GH) Ltd, the Ghana Alternative Market and the Ghana Fixed Income Market.
Augustine served as the Head of the Information Technology Department of the Ghana Stock Exchange from July 2006 till July 2019 when he was reassigned to head the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange, a market which he played a key role in its establishment in 2015. He continues to spearhead various strategic initiatives in the capital market of Ghana. He is a member of the Technical Committee of GFIM, a member of the Market and Products Working Group managing the Capital Market Master Plan (CMMP). He also serves as a member of the Governing Committee of the Ghana Fixed Income Market and a member of the Institute of Directors-Ghana (IoD-Gh).
He holds an EMBA (Finance option) from University of Ghana, Legon and a BSc (Computer Science) from Kwame Nkrumah University of Science and Technology, Kumasi.
He later moved to the Ghana Stock Exchange in July 2006 to join the management team of the Exchange to play a leading role in the automation of the Exchange and lead key strategic development in information technology and other important initiatives at the Exchange; including the establishment of the GSE Securities Depository and its later merger with the Central Securities Depository of Bank of Ghana into the Central Securities Depository (GH) Ltd, the Ghana Alternative Market and the Ghana Fixed Income Market.
Augustine served as the Head of the Information Technology Department of the Ghana Stock Exchange from July 2006 till July 2019 when he was reassigned to head the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange, a market which he played a key role in its establishment in 2015. He continues to spearhead various strategic initiatives in the capital market of Ghana. He is a member of the Technical Committee of GFIM, a member of the Market and Products Working Group managing the Capital Market Master Plan (CMMP). He also serves as a member of the Governing Committee of the Ghana Fixed Income Market and a member of the Institute of Directors-Ghana (IoD-Gh).
He holds an EMBA (Finance option) from University of Ghana, Legon and a BSc (Computer Science) from Kwame Nkrumah University of Science and Technology, Kumasi.
Mr. Kofi Pianim is the Head of Markets for First National Bank, Ghana, a subsidiary of the FirstRand Group. Prior to his current role, Mr. Pianim was the Head of Trading for Stanbic Bank Ghana Limited in their Global Markets department.
Mr. Pianim has a wealth of experience, spanning a period of 18 years, in global banking and financial markets, focusing on sustainable growth, ethics, regulatory and control issues as well as risk management in the context of global standards.
He served two terms as the President of ACI Financial Markets Association up until December 2022. ACI is a leading global trade association representing the interests of the professional wholesale financial markets community.
He holds a bachelor’s degree in Business Administration from Coventry University, United Kingdom.
Jacob is the Head of Global Markets at Absa Bank Ghana Limited, with over 17 years’ industry experience. Over the years, Jacob has acquired extensive knowledge and experience in risk management, treasury management, strategy and trading.
He holds a Bachelor of Commerce (BCom) degree from the University of Cape Coast and an Executive MBA (Finance) from the University of Ghana. Additionally, he is a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom, a member of Institute of Chartered Accountants (ICAG), and a holder of the ACI Dealing Certificate.
He holds a Bachelor of Commerce (BCom) degree from the University of Cape Coast and an Executive MBA (Finance) from the University of Ghana. Additionally, he is a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom, a member of Institute of Chartered Accountants (ICAG), and a holder of the ACI Dealing Certificate.
Harrison Tettey-Fio is a finance professional with over 17 years of experience in Banking and Finance. His experience covers product management, securities trading and settlement, customer experience improvement, setting up new securities businesses, business operations risk review and assisting market infrastructure with best practices.
He has extensive experience in Securities Services Operations covering key African markets (South Africa, Nigeria, Ghana, Kenya, BRVM), Europe (Clearstream) and America (DTC).
He has since 2014 served on various committees at the Ghana Stock Exchange (GSE), Securities and Exchange Commission (SEC) and the Central Securities Depository (CSD) and contributed to the development of the capital market in Ghana.
He holds a Bachelor of Science Degree in Administration (Banking & Finance) from the University of Ghana, Legon.
Daniel Boateng is Head of Trading, GCB Bank Plc. He has over 16 years’ experience in the banking industry, the core of it covering treasury management and execution, asset management, project and financial management.
At GCB, Daniel is the Head of Trading, overseeing the Forex and Fixed Income Trading business. He set up the Fixed Income Desk, which has since become a force to reckon with on the Ghana Fixed Income market (GFIM). He is currently a technical committee member of GFIM and a member of the Board of Education of ACI Ghana, The Financial Market Association, training the market on Repurchase Agreements under GMRA and Bond trading.
Prior to joining GCB Bank, Daniel worked with Societé Generalé Ghana as a management trainee, where he led the setting up of the Fixed Income Desk in 2011, then with Barclays Bank (Now ABSA Bank) as a Performance Analyst, optimizing business processes and reengineering.
He also worked at Databank Financial Service Limited.
Daniel is a Fellow of the Association of Chartered Certified Accountants (FCCA), holds a Bachelor of Science degree from the University of Ghana Business School, and has a distinction in ACI Dealing Certificate.
At GCB, Daniel is the Head of Trading, overseeing the Forex and Fixed Income Trading business. He set up the Fixed Income Desk, which has since become a force to reckon with on the Ghana Fixed Income market (GFIM). He is currently a technical committee member of GFIM and a member of the Board of Education of ACI Ghana, The Financial Market Association, training the market on Repurchase Agreements under GMRA and Bond trading.
Prior to joining GCB Bank, Daniel worked with Societé Generalé Ghana as a management trainee, where he led the setting up of the Fixed Income Desk in 2011, then with Barclays Bank (Now ABSA Bank) as a Performance Analyst, optimizing business processes and reengineering.
He also worked at Databank Financial Service Limited.
Daniel is a Fellow of the Association of Chartered Certified Accountants (FCCA), holds a Bachelor of Science degree from the University of Ghana Business School, and has a distinction in ACI Dealing Certificate.
Mr. Ambrose K. Karikari holds MBA in Finance, University of Ghana, BSc. Information and Communication Technology, Ghana Institute of Management and Public Administration (GIMPA) and IT Professional Certifications. He has gained immense professional experience in Business Intelligence, Systems & Networks, Information Security & Business Continuity Management systems and IT Service Delivery Management over the years. He worked with Ghana Telecom Ltd, Vodafone Ghana Ltd, and Electronic Data Communication Systems. He oversees the systems and Infrastructure, business continuity management system and IT Service Delivery of the Central Securities Depository Ghana LTD
Jordan Ekow Addo Sackey is a Chief Manager and Head of the Middle office of the Financial Markets Department at the Bank of Ghana, Jordan has rich industry experience in the Global Investment Banking with over two decades of work experience. He is highly respected for his professionalism, integrity and technical knowledge in Global Financial Markets.
Since joining the Bank of Ghana, Jordan has been a driver of financial markets reforms and was part of the team that saw to the introduction of GMRA based repos in Ghana. He is also a member of the International Capital Market Association (ICMA) Africa Committee and represents the Bank of Ghana at several stakeholder committees.
Jordan’s experience covers reserves management, risk management, portfolio management, interest rates, fixed income and derivatives trading, mergers and acquisitions advisory, investment research, asset management, private equity, structured financing, quantitative analysis, corporate strategy and business development across diverse global markets.
Jordan started his career as a quant analyst with Standard Bank London before moving to the G10 short term interest rates (STIRT) trading desk with Standard Chartered Bank Dubai. He later joined the Strategic Client Coverage Group based out of Johannesburg covering the Africa Region. He left SCB in 2012 to co-found SYNEKAS Consults where he was the executive director in-charge of Strategy and Advisory. He had oversight of origination and business development of deal flows across the sub-Sahara Africa region.
Jordan is a proud alumnus of Mfantsipim School in Cape Coast where he had his secondary education. He is also an alumnus of the University of Manchester where he obtained his first degree and Masters in Aerospace Engineering. He then went on to obtain a Master of Science in Finance at the prestigious Imperial College London
Anthony has over 13 years of professional experience in the financial markets with particular reference to Fixed Income, FX and Money Markets trading.
He is an Associate Director with Standard Chartered Bank, responsible for Emerging Markets Rates and Credit trading for Ghana and Cote D’Ivoire. Prior to, Anthony worked with Stanbic Bank Ghana Ltd as a Money Markets Trader.
Anthony holds an MSc. in Finance from the Ghana Institute of Management and Public Administration and a BSc. in Mathematics from Kwame Nkrumah University of Science and Technology. In addition, he holds an ACI Dealing Certificate.
Henry is the Managing Director of InvestCorp. Prior to this role, he was the Deputy Managing Director of the Firm – responsible for planning, monitoring and evaluation of policy and strategy implementation. As Managing Director, he is responsible for the overall strategic management of the Firm, is a member of the Investment Committee and serves as a board member of the Firm’s managed mutual funds.
He is a member of the Ghana Securities Industry Association’s Fund Managers & Advisors Committee and also a member of the Technical Committee of the Ghana Fixed Income Market (GFIM).
Henry worked with Merrill Lynch / Bank of America Merrill Lynch in New York within the Global Energy & Power Investment Banking Group. He possesses strong origination and corporate finance skills, including leveraged finance, deal origination and corporate restructuring. Henry has extensive and key relationships in Ghana and internationally, which are critical to the success of our firm.
He served on the Board of the Ghana Netherlands Business and Culture Council (GNBCC) between 2015 and 2019 and acted as the Treasurer of the Council. He is a member of the Rotary Club of Accra La-East and serves on the Public Image (PI) and Fundraising Committees.
Henry obtained an honors degree in Business Administration (Finance) from Morehouse College in Atlanta, Georgia, USA, graduating summa cum laude. He is a member of the Phi Beta Kappa and Beta Gamma Sigma honor societies. In 2012, Henry was admitted to Cornell University’s Johnson School of Management MBA program but did not pursue it.
He is a member of the Ghana Securities Industry Association’s Fund Managers & Advisors Committee and also a member of the Technical Committee of the Ghana Fixed Income Market (GFIM).
Henry worked with Merrill Lynch / Bank of America Merrill Lynch in New York within the Global Energy & Power Investment Banking Group. He possesses strong origination and corporate finance skills, including leveraged finance, deal origination and corporate restructuring. Henry has extensive and key relationships in Ghana and internationally, which are critical to the success of our firm.
He served on the Board of the Ghana Netherlands Business and Culture Council (GNBCC) between 2015 and 2019 and acted as the Treasurer of the Council. He is a member of the Rotary Club of Accra La-East and serves on the Public Image (PI) and Fundraising Committees.
Henry obtained an honors degree in Business Administration (Finance) from Morehouse College in Atlanta, Georgia, USA, graduating summa cum laude. He is a member of the Phi Beta Kappa and Beta Gamma Sigma honor societies. In 2012, Henry was admitted to Cornell University’s Johnson School of Management MBA program but did not pursue it.
Elizabeth Owiredu is a Principal Budget Analyst and Head of Debt Capital Market Unit in the Treasury and Debt Management Division of the Ministry of Finance. She has over 16 years’ experience in the Ministry of Finance.
She graduated from Methodist University College and also obtained a Master’s Degree in International Development from the Ewha Women’s University in Seoul, South Korea.
As the Head of the Debt Capital Market Unit in the Financing and Execution Unit, she assisted the Director of Treasury and Debt Management in the current public debt management policies in the areas of financing of the Budget from both domestic and international capital market, reprofiling of maturing domestic debt, reforms in the Primary dealer system on the domestic market, the book building process for auction in Ghana, and the buy-back programme for bonds from the international capital markets. Initiatives that won an international award for Africa.
Elizabeth plays major roles in various Government operational Committees including the Auction Committee, Treasury Management Committee and the OMO Committee. She is also responsible for the Divisions’ investor relations with market participants on regular basis (mainly Primary Dealers and Bond Market Specialists).
She graduated from Methodist University College and also obtained a Master’s Degree in International Development from the Ewha Women’s University in Seoul, South Korea.
As the Head of the Debt Capital Market Unit in the Financing and Execution Unit, she assisted the Director of Treasury and Debt Management in the current public debt management policies in the areas of financing of the Budget from both domestic and international capital market, reprofiling of maturing domestic debt, reforms in the Primary dealer system on the domestic market, the book building process for auction in Ghana, and the buy-back programme for bonds from the international capital markets. Initiatives that won an international award for Africa.
Elizabeth plays major roles in various Government operational Committees including the Auction Committee, Treasury Management Committee and the OMO Committee. She is also responsible for the Divisions’ investor relations with market participants on regular basis (mainly Primary Dealers and Bond Market Specialists).
GFIM (Ghana Fixed Income Market) is a market to facilitate the secondary trading of all fixed income securities and other securities to be determined from time to time.
The market has been established by key stakeholders in the financial market led by the Bank of Ghana (BoG), Ghana Stock Exchange, (GSE), Central Securities Depository Ghana Ltd (CSD), Ghana Association of Bankers, the Ministry of Finance, Financial Market Association (ACI Ghana) and Licensed Dealing Members (LDMs) of the Ghana Stock Exchange.
