Print Options

(1) The Minister may appoint issuing agents, registration agents, primary dealers and other agents to facilitate primary and secondary market transactions in government debt securities.

(2) Despite subsection (1), the Bank of Ghana may act as a fiscal agent for Government to facilitate the issuance, management, redemption and repayment of government securities, on the terms and conditions that may be agreed in a fiscal agency agreement.

(3) A fiscal agency agreement under subsection (2) shall provide, among others, for

(a) the duties and responsibilities of the Bank of Ghana;

(b) the remuneration due the Bank of Ghana for the performance of the duties and responsibilities under paragraph (a); and

(c) any reporting required by the Minister.

(4) For purposes of this section, an “issuing agent”, “registration agent”, “primary dealer” and “other agents” referred to in subsection (1) means an agent appointed in accordance with the Public Procurement Act, 2003 (Act 663) who acts on behalf of Government.