The Ghana Fixed Income Market (GFIM) governing council, which has been mandated to promote secondary market trading of securities supported the setup of a stakeholder committee with representation from the Ministry of Finance, the Bank of Ghana, the commercial banks, a lawyer from a private law firm, the Ghana Stock Exchange and the Ghana CSD to come out with the Guidelines for a GMRA-based repo trading in Ghana, a Country Annex and any other annexes to the GMRA that was required.
2. The role of repos  Repos and reverse repos can be effective instruments for the conduct of monetary policy market operations by the central bank.