GHANA: Central Securities Depository to Implement Single Platform

Thursday May 7 2015

The Central Securities Depository of Ghana has announced that they have signed an agreement with Millennium Information Technologies of Sri Lanka – a member of the London Stock Exchange Group – to install a state-of-the art CSD Platform that is capable of handling expanded functionalities in anticipation of the introduction of more capital market products onto the Ghana markets. The new platform can handle Securities Lending and Borrowing, Collateral Management, Risk Management and derivatives.

The platform will be completed by the end of October 2015. The system will be interfaced with the Automated Trading System of the Ghana Stock Exchange and the Real Time Gross Settlement System (GIS) of the Bank of Ghana for straight-through processing of transactions. When the platform is completed, investors will hold their shares and treasury bills and bonds in a single account.

Click on the link above for further details.