E-Book Overview
Fixed Income Investing in Ghana is meant to be a primer for those new to fixed income investing and for those looking to understand the fixed income market in Ghana.Its not meant to replace a professional investment advisor or officer.
E-Book Content
FIXED INCOME INVESTING IN GHANA A BEGINNER’S GUIDE BY: Samuel Amankwah Table of Contents CHAPTER 1-INTRODUCTION TO FIXED INCOME SECURITIES .......................................................................................................................... 3 Don’t get fixated on the vocabulary ........................................................................................................................................................................... 4 CHAPTER 2 THE GHANA FIXED INCOME MARKET -AN INTRODUCTORY OVERVIEW ..................................................................... 6 What Securities are traded on the Ghana Fixed Income Market?............................................................................................................ 6 Market Infrastructure ......................................................................................................................................................................................................... 6 The Players................................................................................................................................................................................................................................ 7 Membership Rules ................................................................................................................................................................................................................ 7 CHAPTER 3: DISTILLING THE RULES AND REGULATIONS ............................................................................................................................... 9 CHAPTER 4-TRADING, TRANSACTIONS AND SETTLEMENTS ............................................................................................................................11 Trading hours ........................................................................................................................................................................................................................11 Trading Methodology ........................................................................................................................................................................................................11 Halts and suspensions in trading .............................................................................................................................................................................11 Quotes ........................................................................................................................................................................................................................................12 Settlement Cycles ................................................................................................................................................................................................................12 Dispute settlement, penalties and sanctions .....................................................................................................................................................12 CHAPTER 5-LISTING OF FIXED INCOME SECURITIES.........................................................................................................................................13 Sponsors of An Admitted Security ............................................................................................................................................................................13 Fees, taxes and commissions ..........................