The capacity of local investors, pillar 4 of the Absa Africa Financial Market Index  is an important pillar which becomes more critical going forward.
In Ghana, we are beginning to realize the important role that institutional investors such as our pension funds, asset managers and insurance firms could play in not only financing part of government budget but also providing long-term funding for capital projects. This has become important as we seek to find the right balance between domestic and foreign sources of funding. 13.