The Bank of Ghana has partnered with Frontclear to organise a market training workshop aimed at strengthening Ghana’s financial market infrastructure through enhanced understanding of repo guidelines, Global Master Repurchase Agreement (GMRA), and International Swaps and Derivatives Association (ISDA) documentation. Speaking at the opening of the one-day workshop in Accra, First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, stressed the importance of legal certainty, operational soundness, and risk management in deepening Ghana’s financial markets. A financial market is only as strong as the legal and operational infrastructure beneath it. Volumes tell you how active a market is — documentation, risk frameworks, and legal certainty tell you how safe it is,” he stated. Dr. Mumuni noted that Ghana’s financial markets are evolving rapidly, driven by an expanding fixed-income market and increasingly sophisticated financial instruments, adding that market growth must be mat...
By Albert Amekudzi In Ghana today, one of the easiest ways to trend on radio, television, or social media is to blame mining companies for underdevelopment in mining communities. According to the growing public narrative, mining firms are not doing enough. They are accused of taking the gold, making profits, and leaving communities poor. It is an argument that gets applause almost instantly. But while everyone is busy pointing fingers at mining companies, there is one awkward question nobody seems eager to ask: What exactly has the State done with the billions of cedis in mining royalties and taxes it has already collected? That question rarely enters the conversation. And perhaps it is because asking it would force us to confront a very uncomfortable truth: maybe the bigger issue is not simply whether mining companies are doing enough, but whether the State itself has failed in its own developmental responsibilities. Because let us be honest for a moment when a community lacks r...