In a move to tighten the bolts of Ghana's financial market, the Bank of Ghana and the Ministry of Finance have updated the list of institutions that can officially operate as Primary Dealers (PDs) and Bond Market Specialists (BMS).
As of April 14, 2025, twelve institutions have been authorized as Primary Dealers-meaning they're the only ones allowed to take part in the wholesale auction of treasury bills and help distribute them.
These institutions are: ABSA Ghana Limited ADB PLC ARB Apex Bank Black Star Brokerage Limited CalBank PLC Consolidated Bank Ghana Limited Databank Brokerage Limited Ecobank Ghana PLC Fidelity Bank Ghana GCB Bank Obsidian Achernar Limited Stanbic Bank Ghana But that's not all.
Eight of these twelve have earned an extra badge as Bond Market Specialists (BMS).
