On April 4th, 2024, the Bank of Ghana issued a directive to all banks and Specialized Deposit-Taking Institutions (SDTIs) regarding the pricing of fixed income securities listed on the Ghana Fixed Income Market (GFIM).

Adoption of GFIM end-of-day-pricing

All banks and SDTIs are mandated to adopt the Ghana Fixed Income Market’s (GFIM’s ) end-of day-pricing closing prices as published in the daily trading report for mark-to-market valuation of securities.

Submission of Market-Reflective Indicative Prices

1. Primary Dealers are required to submit market-reflective indicative prices of government securities daily.
2. The submission deadline is set at 11:00 a.m. each day.

This directive is effective from the date of issuance and aims to streamline pricing practices and enhance transparency within the fixed income market.