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
The Council of the Exchange has various committees, which enable it to give special attention to various aspects of the operations of the Exchange. They are the Listing, Finance and Risk Management and Surveillance.
The following are the key roles of the various Committees.
- Listing Committee considers applications for listing
- Finance Committee considers the financial aspects of the Exchange’s operations, including budgets and remuneration.
- Risk Management and Surveillance Committee appraises, and approves applications for membership.
The day-to-day management of GSE is the responsibility of management staff headed by the Managing Director and assisted by the Deputy Managing Director.
MRS. ABENA OSEI-POKU – CHAIRPERSON
Mrs. Abena Osei-Poku is the second female in twenty-six years to become the Chairperson of the Exchange after Mrs. Gloria Nikoi of blessed memory. She takes over from Mr. Ray Anselm Sowah, whose tenure ended at the last Annual general meeting held on 28th July,2021.
As one of the three independent members on the Council representing the Associate members, Mrs. Abena Osei-Poku is also the Managing Director of Absa Bank Ghana – a systematically important player in the Ghanaian economy. Abena is credited with leading the successful Barclays transition from a “100-year-old household brand” into Absa. She is responsible for charting a transformational direction for the bank and for entrenching the new brand amongst key clients, customers, and all stakeholders. Prior to this, she worked at Absa Group in South Africa as Managing Director responsible for the Corporate & Investment Banking business in East and West Africa.
As a High-Ambition leader, Abena combines effective commitment to high financial performance and social good. She has over 27-years pan-African experience from Standard Chartered and Barclays Bank with various leadership roles in risk management, corporate governance, business management, strategy, client coverage and change management.
She has broad board experience having previously sat on boards in telecommunications, banking, commerce, and hospitality. She is currently the Chairperson of the Advisory Board of the College of Health Sciences, University of Ghana. In addition, she sits on other executive fora and is an Honorary Member of the Chartered Institute of Bankers and an Honorary Fellow of the Chartered Institute of Marketing Ghana.
Abena is an alumnus of University of Ghana Legon and has an MBA from the Manchester Business School in the United Kingdom. She has participated in various leadership and other programs worldwide. She is fluent in English with a working knowledge of French.
MR. EKOW AFEDZIE
Mr. Ekow Afedzie was appointed Managing Director on January 1, 2020, having acted in that capacity since August 1, 2019. Prior to this, he had been the Deputy Managing Director for 10 years.
Having worked with the Exchange since its inception in 1990, Mr. Afedzie has over 28 years of experience in the capital market, some of which were spent as the Head of Marketing, Research and Systems and as General Manager of the Exchange.
Mr. Afedzie has been associated with many transformational projects at the Ghana Stock Exchange. He coordinated the automation of the trading, clearing and settlement functions of the Exchange as well as the establishment of a depository company for equities. He was also instrumental in the establishment of the Ghana Fixed Income Market (GFIM) and the Ghana Alternative Market (GAX). Mr. Afedzie is experienced in stock market operations and has participated in many international conferences in that area. He has also made significant contributions to local and international research on stock markets and presented papers on stock market operations at many local and international fora.
Mr. Afedzie holds a Master’s Degree in Business Administration and a Master of Arts Degree in Economic Policy Management, both from the University of Ghana. He also holds a Bachelor’s degree in Law from Mountcrest University College.
The rich experience and remarkable dynamism of Mr. Afedzie is invaluable, especially as the Exchange undergoes the critical period of modernising and transitioning from a frontier market to an emerging market, in alignment with Government’s plan to make Ghana the financial hub of the West African sub-region. A successful transition will attract more investors to participate in the capital market, which will increase liquidity and profits, improve market efficiency and enable the Exchange to develop a greater level of market influence.
Mr. Afedzie’s historical and current knowledge of the market stands him in good stead to spearhead the transition.
Abena Amoah is responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings and New Products, the Ghana Fixed Income Market and the IT systems of the Exchange, as well as assist the Managing Director in defining and implementing the Exchange’s corporate strategies and plans, among other responsibilities.
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.
Edem Akpenyo is currently the Managing Director of FirstBanC Brokerage Services Limited. He joined the Securities brokerage community in 2004 as a national service person. He was licensed by the Securities and Exchange Commission as a Dealer’s Representative and the Ghana Stock Exchange as an Authorized Dealing Officer in 2005. He comes with vast experience in the stock brokerage industry in Ghana. His responsibilities have included: trading on the Ghana Stock Exchange, financial analysis, portfolio structuring and management, investment advisory services and research. He has taught in various investment seminars and currently lectures Securities Trading and Investment Advisory Techniques in the Ghana Securities Industry Course organized by the Ghana Stock Exchange.
Prior to joining FirstBanC, Edem worked with Capital Alliance Company Limited, NTHC Securities Limited and HFC Investment Services Limited, where he acquired further experience as a manager of a Mutual Fund. Edem graduated from the University of Ghana Business
School with a BSc. Administration degree in Finance and recently earned a Post Graduate Certificate in Anti-Money Laundering and Financial Crime. He is a member of the Institute of Directors (loD), Ghana. He is in the final stages of earning a Master’s degree in Finance and Control with the Amity University. He has undertaken various capital market courses with the United Nations Institute for Training and Research (UNITAR) and the Ghana Stock Exchange.
PROF. PHILIP EBOW BONDZI-SIMPSON
Independent Member Nominee
Philip Ebow Bondzi-Simpson, a Professor of Law, is an experienced Barrister and Solicitor and presently the Rector of the Ghana Institute of Management and Public Administration. He is the Founding Dean of the Faculty of Law, and former Dean of the School of Business, both at the University of Cape Coast. He has taught full- and
part-time, served as external examiner, and assessed for professorship for several other universities across the globe.
He has been the and Editor-in-Chief of the Journal of Business and Enterprise Development of the University of Cape Coast; Editor, Ghana School of Law Journal, Ghana School of Law; and he edited the well-received book, Law and Economic Development in the Third World. Indeed, Professor Bondzi-Simpson has a number of pioneering publications – journal articles and textbooks alike – standing to his name.
A former Director of Legal Services and Investigations of the Commission on Human Rights and Administrative Justice, he has also had significant experience as a private legal practitioner both in Ghana and Ontario, Canada. Professor Bondzi-Simpson’s private legal practice has been in the areas of Corporate and Commercial Law and aspects of Public Law (notably Constitutional and Human Rights Law). He has served as Legal Counsel, Director and Company Secretary to a number of reputable companies and he has participated in international commercial arbitration at the International Court of Arbitration at The Hague, The Netherlands. The author was privileged to have been a member of the Committee of Experts whose work culminated in a draft Bill for consideration by Government and Parliament and the subsequent passage of the 2019 Act.
Of Mfantsipim School, Cape Coast and St. John’s School, Sekondi, his tertiary qualifications include LLB (Ghana), LLM (Saskatchewan), SJD (Toronto), and BL (Ghana) and PGDE (Cape Coast). He has also taken courses at The Hague Academy of International Law, The Hague, The Netherlands; the International Institute of Human Rights, Strasbourg, France; the Institute of International Public Law and International Relations, Thessaloniki, Greece; the Ghana Stock Exchange, Accra; Galilee International Management Institute, Galilee, Israel; and University of Witwatersrand, Johannesburg, South Africa.
Independent Member Nominee
Mrs Abena Osei-Poku is the Managing Director of Absa Bank Ghana, previously known as Barclays Bank Ghana. She is responsible for driving a positive transformation having successfully led the Barclays transition from a “100 year old brand and household name” into a new brand – Absa. Abena is very passionate about colleague empowerment, client experience and devolved leadership and this has enabled the bank to be the most profitable bank in Ghana even during the transition. Prior to this, she worked at Absa in South Africa as Managing Director responsible for the Corporate & Investment Banking business in East and West Africa.
Mrs Osei-Poku has over 25 years of in-depth Pan-African experience from Standard Chartered Bank and Barclays Bank. She has held various leadership positions including risk management, corporate governance, business management, strategy, client coverage and change management.
She has broad board experience having previously sat on boards in Telecommunications (Airtel Mobile Money Limited), Banking (Barclays Bank), Commerce (United Kingdom and Ghana Chamber of Commerce), and hospitality (Country Kitchen Ltd). She is currently the Chairperson of the Advisory Board of the College of Health Sciences, University of Ghana. In addition, she sits on the executive councils of the Ghana Association of Bankers and the National Banking College.
Abena Osei-Poku is an Economist, holds a Bachelor’s degree from the University of Ghana, an MBA (Strategy & Finance) from the Manchester Business School in the United Kingdom, and has attended various leadership and other programs worldwide.
YAO AGBELENKO ABALO
Independent Member Nominee
Mr. Yao A. Abalo is the Chief Executive Omcer of the Central Securities Depository (GH) Ltd, a position he has held since June 2017. He previously worked with the Bank of Ghana, rising to become an Advisor to the Governor of the Bank, with oversight on treasury operations. Among other positions held in the Bank, he was Director and Head of the Treasury Department, Risk Management Department and Director of the External Financial Relations Department.
Mr. Abalo holds an M.A. in Economic Policy Management from McGill University, Canada, a Graduate Diploma in Population Studies and a B.A. (Hons) in Economics and Statistics from the University of Ghana.
Akua Oparebea Amponsah
Akua is the Company Secretary and Legal Advisor of the Exchange. She joined the Exchange in May 2017 from the law firm of Bentsi-Enchill, Letsa & Ankomah, where she was an Associate in the Energy and Natural Resources Practice Group of the firm. She has also previously worked in Human Resources and Administration at AngloGold Ashanti Limited.
She holds a B.A in Management and Psychology as well as an LLB from the University of Ghana. She also holds a Qualifying Certificate in Law from the Ghana School of Law.
Akua is a member of the Ghana Bar Association and the Commonwealth Lawyers Association.