Menu
Menu
SPEECHES
Speech delivered by Dr. Ernest Addison, Governor, at the launch of Guidelines for Repurchase Agreements in Ghana
The guidelines that we launch today is based on the standard 2011 Global Master Repurchase Agreement (GMRA). All the directives contained in these guidelines are binding on eligible counterparties and serve as regulatory guidance for repo activity trading in Ghana. The introduction of the Guidelines is expected to deepen the financial markets in Ghana through the promotion of a more vibrant and liquid secondary bonds market. A key feature of adopting the GMRA is the transfer of title to collateral securities from the seller to the buyer.