In conjunction with the development of the guidelines, Ghana is in the process of getting a corporate insolvency bill passed, and the BoG will issue a notice to clarify the eligibility of netting arrangements under the current Banks and Specialized Deposit Taking Institutions Act (BSDTI Act).
This will make Ghana only the third netting positive jurisdiction in Africa and we look forward to the positive effect this will have on our economy. Looking ahead we hope to develop our Repo market to grow beyond the borders of Ghana to improve intra African trade.