A financial economist has advised the government of Ghana to implement policies that would ensure the existence of an active, liquid, and well-organised market in existing shares. What is the advantage of building an active, liquid, and well-organised market in existing shares?

a.

facilitates the raising of further capital in the secondary market.

b.

is of little or no consequence.

c.

maintains the share price above the initial issue price.

d.

encourages successful primary market issues.