In a welcome address, the Bank of Ghana opened a one-day market training workshop with Frontclear on repo guidelines and Global Master Repurchase Agreement and International Swaps and Derivatives Association documentation. First Deputy Governor Dr. Zakari Mumuni framed the programme as capacity building for Ghana’s rapidly evolving fixed-income market, aimed at strengthening the legal and operational infrastructure that underpins repo and derivatives transactions. The speech focused on the need for market participants to understand governing rules, legal obligations and operational risks, particularly around collateral management, legal enforceability, close-out netting and counterparty risk. It described repo markets as supporting short-term funding, liquidity management and monetary policy transmission, and presented GMRA and ISDA documentation as the contractual basis for default management, margining, collateral arrangements and payment obligations. The programme was deliberately designed to bring together treasury, risk and legal functions within institutions, and the Bank said it will continue working with market stakeholders to strengthen market infrastructure, deepen liquidity and align standards with international practice adapted to Ghana’s context.
Bank of Ghana2026-05-19
Bank of Ghana opens training workshop on repo guidelines and GMRA and ISDA documentation
The Bank of Ghana, in partnership with Frontclear, opened a one-day training workshop on repo guidelines and Global Master Repurchase Agreement and International Swaps and Derivatives Association documentation to build capacity in Ghana’s fixed-income market. First Deputy Governor Dr. Zakari Mumuni highlighted the need for stronger understanding of legal and operational risks, including collateral management, legal enforceability, close-out netting and counterparty risk, and said the Bank will work with market stakeholders to strengthen infrastructure, deepen liquidity and align standards with international practice adapted to Ghana’s context.