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Business News of Thursday, 6 November 1997

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Chinese Ambassador To Stock Exchange

Accra, (Greater Accra) 5 Nov., Mr. Li Zu Pei, Chinese Ambassador in Ghana, today visited the Ghana Stock Exchange (GSE) to acquaint himself with trading and to explore avenues for co-operation between the GSE and various exchanges in China. Mr. Li said his visit is in the spirit of the good relations between Ghana and China and to further strengthen the socio-economic ties between them. He said the Chinese embassy will ensure that more Chinese companies and investors direct their capital to Ghana. Discussions with Mr. Yeboa Amoa, Managing Director of the GSE, centred on how the stock exchange could benefit from the expertise of the Hong Kong and Shanghai exchanges. As part of this effort, information technology and exchange of skill will be pursued to boost the development and growth of the GSE to boost her stature on the capital market in Africa. Mr. Amoa said the visit of the Chinese ambassador is significant and relevant in the development of a vibrant capital market. He said even though no memorandum of understanding has been signed, discussions have been positive and encouraging.