Wednesday, June 3, 2015

Find out the types of securities to be listed on the GFIM

Ghana Fixed Income Market (GFIM) is a market to facilitate the secondary trading of all fixed income securities and other securities to be determined from time to time.
The key objectives of the GFIM are to: bring about greater efficiency; better price discovery; increased liquidity; and greater transparency in the secondary trading of fixed income securities in Ghana as well as bring secondary trading activities in fixed income securities in Ghana to international best practice standards.

2. Type of Securities 
(1) The following securities or instruments when issued shall be admitted (listed) and traded on the GFIM:
(a) Government of Ghana treasury bills, notes and bonds; and
(b) Bank of Ghana money market instruments. 

(2) The following securities or instruments may be admitted (listed) and traded on the GFIM: 
(a) quasi-Government of Ghana institutions’ money market instruments, notes and bonds;
(b) corporate notes and bonds;
(c) Ghana municipal and/or metropolitan bonds;
(d) supra-national bonds;
(e) repos; and
(f) other fixed income or money market securities. 

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