Bourses From Accra to Lagos Unite in Cross-Border Trading
This article is for subscribers only.
Ghana investors struggling to buy shares on their own markets because of low liquidity can now turn to Nigeria or Ivory Coast’s regional bourse to meet their demand.
United Capital Plc in Nigeria’s commercial hub of Lagos and Accra-based CAL Brokers Ltd. last month executed the first cross-border share transaction as part of a regional effort to pool West African markets and boost trading volumes. CAL Brokers bought 100 Dangote Cement Plc and 6,000 Guaranty Trust Bank Plc units from United Capital Securities, according to CAL.