Pearl report by Commonwealth Development Finance Co. Ltd recommended the establishment of a Stock Exchange in Ghana within two years and suggested ways of achieving it.
Various committees established by different governments to explore ways of bringing into being a Stock Exchange in the country.
The Stock Exchange Act was enacted
The Accra Stock Exchange company incorporated but never operated
PNDC government set up a 10-member National Committee on the establishment of the Stock Exchange under the chairmanship of Dr. G.K. Agama, the then Governor of the Bank of Ghana.
Ghana Stock Exchange was incorporated as a private company limited by guarantee under the Companies Code 1963
Executive Instrument No. 20 giving recognition to Ghana Stock Exchange as authorized Stock Exchange signed.
Council of the Exchange adopted operational regulations namely, GSE Membership Regulations L.I. 1510, Listing Regulations L.I 1509 and Trading and Settlement Regulations.
12th November 1990
First Council of the Exchange with Mrs. Gloria Nikoi as Chairperson inaugurated.
12th November 1990
Trading commenced on the floor of the Exchange
11th January 1991
Ghana Stock Exchange was officially launched
The Exchange moved to its present offices, 5th Floor, Cedi House, Liberia Road, Accra
A resolution passed at the AGM changed the Exchange from a private company limited by guarantee to that of a public company limited by guarantee under the Company Code 1963 (Act 179)
GSE All-Share Index was developed and adopted
The 1994 Annual Report and Statistics of Federation Internationale des Bourses de Valeurs declares Ghana Stock Exchange as the best emerging market globally with the GSE All-Share Index increasing by 124%.
GSE introduced manual Continuous Trading System
The Exchange reduced settlement period to three business days (T+3) from T + 5
GSE recorded the highest annual change of 154.67% in the All-Share Index
Daily trading commenced
GSE set up a wholly owned subsidiary called GSE Securities Depository Company
GSE introduced an electronic trading platform called the GSE Automated Trading System (GATS), automated its Clearing and Settlement process and introduced the Settlement Guarantee Fund
Ghana Stock Exchange won the Africa Investor “Most Innovative African Stock Exchange” Award
Trading hours changed from 9:30am – 13:00pm to 9:30am – 15:00pmGSE Composite Index (GSE-CI) and GSE Financial Stocks Index (GSE-FSI) was developed
Rules on Exchange Traded Funds were introduced and the first ETF was listed on the market
Ghana Alternative Market (GAX) was established and its Rules introduced on the market
GSD Ltd. merged with Central Securities Depository Gh Ltd. (CSD Ltd.)
Izwe Loans Ltd. issued and listed the first bonds on the Ghana Alternative Market
Samba Foods Limited became the first Company to list on the Ghana Alternative Market (GAX)
Ghana Fixed Income Market (GFIM) was established after approval of its rules by the SEC. First trading commenced using the Bloomberg E-Bond Platform
GSE upgraded its GSE Automated Trading System (GATS) to the Capizar Automated Trading System
The GSE Automated Trading System (GATS) interfaced with the Millennium Depository System (MCSD) of the Central Securities Depository Company Ltd to ensure smooth clearing & settlement of trades
GSE integrated Capizar Bond into Capizar ATS to enable GFIM dealers trade in corporate bonds
MTN Ghana listed on the Ghana Stock Exchange and for the first time in Africa shares were purchased through the Mobile Money technology
Ghana Stock Exchange won the Africa Investor “Most Innovative African Stock Exchange” Award for the second time
Collaborated with Bank of Ghana and Ministry of Finance to develop and launch guidelines and country Annex for the Global Master Repurchase Agreement (GMRA) as well as the Ghana Fixed Income Market
GSE became a full member of International Capital Market Association (ICMA).
GFIM ranked fourth in size for issued sovereign debt in Sub-Saharan Africa by Bloomberg
GSE was admitted to the African Exchanges Linkage Project (AELP)
GSE was admitted into the UN Sustainable Stock Exchange Initiative
GSE was admitted to full membership of the World Federation of Exchange (WFE)