The development of the stock market and for that matter the Ghana Stock Exchange is of strong policy interest. In fact, the policy focus is to develop a dynamic capital markets in Ghana by diversifying the range of instruments to gradually build the yield curve for Ghana.
The existence of a long term credit yield curve enables businesses and institutions to gauge cost of capital and rates of return, and thus facilitate informed investment decisions. Ladies and Gentlemen, the Bank of Ghana is especially interested in the domestic capital markets also because it acts as a transmission channel for monetary policy.