It is expected that the adoption of the guidelines for the Repurchase Agreements would improve financial market transparency, liquidity and participation. The introduction of the GMRA based on the repos is intended to address some of the existing gaps in the country's financial markets and ultimately broaden the scope of financial instruments. He therefore, underlined the need for all financial market players in the country to build a robust regulatory framework that would anchor efficient financial market and serve the needs of market participants, as well as manage price risk and enhance resistant to shocks. The introduction of the Repurchase Agreements on the financial markets was a collaborative efforts of the Bank of Ghana, the Ghana Fixed Income Market, the Central Securities Depository and the International Capital Markets Association to foster financial market development in Ghana. He thus, attributed the progressing financial markets to emerging technological advancements and bold African entrepreneurship and progressive policy makers.

Source: GhanaWeb November 14, 2019 08:46 UTC