The Ghana stock exchange has unveiled plans to list exchange-traded funds in a sign that the booming ETF market is making inroads into the African continent.

The GSE, which will launch the business with a gold ETF provided by Barclays subsidiary Absa Capital, will become the third African market to list the funds. The Johannesburg Stock Exchange began trading ETFs in 2004 followed by the Botswana Stock Exchange in 2010.