Efforts to support the private sector with capital to enhance economic and business activities in the country to shore up the economy has received a boost with the launch of the Commercial Paper Market to help companies  raise capital to finance their operations.

The Commercial Paper (CP), a product of the Ghana Stock Exchange (GSE) under the Ghana Fixed Income Market, is to support private sector businesses to raise short-term capital from the GSE to meet their finance needs.

As part of the product, eligible companies who needed short-term capital within six, can raise a minimum of GHc1 million to fund their business activities.

Speaking at the launch in Accra on Friday, the Managing Director of the GSE, Ms Abena Amoah said the commercial paper product was to diversify the products on the GSE and boost the capital market in the country.

She said it was also to assist companies who needed short term capital to raise same at lower interest rate to fund their business operations and also to help investors to diversify their investment portfolios.

Ms Amoah explained that as part of the criteria for the CP product,  a company which came to the Commercial Paper Market must worth not less than GHC5 million, should be credit worthy with no history of debt default and should also be a rated company.