It is expected that the adoption of the guidelines for the Repurchase Agreements would improve financial market transparency, liquidity and participation. 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 effort 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 policymakers. “For Ghana, the recent strides at improving our financial markets have been anchored on sustained economic growth, improved macro-economic stability, and the progressive financial sector reforms.

Source: GhanaWeb November 13, 2019 03:01 UTC