Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Central Bank has published a revised list of authorised Primary Dealers (PDs) and Bond Market Specialists (BMSs), in a move aimed at strengthening market structure and improving the efficiency of government securities issuance.
The updated list, issued via Notice No. BOG/FMD/2025/26 and effective April 14, 2025, reflects a recalibration of roles within the domestic debt market, aligning the regulatory framework more closely with current market dynamics and liquidity providers.
Twelve institutions have been confirmed as Primary Dealers — financial intermediaries licensed to participate directly in Treasury securities auctions.
The list of Primary Dealers includes
1. ABSA Ghana Limited
2. ADB PLC
3. ARB Apex Bank
4. Black Star Brokerage Limited
5. CalBank PLC
6. Consolidated Bank Ghana Limited
7. Databank Brokerage Limited
8. Ecobank Ghana PLC
9. Fidelity Bank Ghana
10. GCB Bank
11. Obsidian Achernar Limited
12. Stanbic Bank Ghana
Additionally, the list of Bond Market Specialists is as follows:
1. ABSA Ghana Limited
2. Black Star Brokerage Limited
3. CalBank PLC
4. Databank Brokerage Limited
5. Ecobank Ghana PLC
6. Fidelity Bank Ghana
7. GCB Bank
8. Stanbic Bank Ghana
Source: newsthemegh.com