Ghana's Securities and Exchange Commission head (pictured) has called for a new law to force multinational banks and insurance companies to float some of their shares on the country's stock exchange.

Adu Anane-Antwi, formerly the director of fund management at the National Health Insurance Authority and the chairman of a private firm of financial consultants, believes that all international banks that operate in Ghana for a period of five years should list shares.

The press quotes him as saying: “For fully owned foreign companies, this policy will ensure that they do not transfer all their dividends declared outside the country, but...improve the strength of our currency.”