Central Securities Depository now wholly-owned subsidiary of BoG

Accra, Sept. 17, GNA - The Central Securities Depository of the Bank of Ghana (BoG) has now been incorporated as a wholly owned subsidiary of the Bank, according to a press release issued in Accra by the central bank on Friday.

It said a certificate of incorporation and certificate to commence business were issued by the Registrar-General on June 10, 2010. The new company is called Central Securities Depository (Ghana) Limited with its offices at the Cedi House in Accra. The statement said a seven-member Board of Directors has been appointed to manage the company as an autonomous body corporate, while Mr Stephen Tetteh has been appointed as the Chief Executive. Members of the Board under the chairmanship of Dr Henry Kofi Wampah, First Deputy Governor of BoG, are Dr David Andah, Mr Daniel Kobla Glymin, Mr Kwame Adutua-Amakye, Mr George Katako, Mr Stephen Tetteh and Ms Caroline Otoo.

The statement said the company would continue to offer Registry services for the Government of Ghana and Bank of Ghana Securities in addition to other secondary market transactions in these securities. It will also manage the infrastructure for the issue of debt securities at the primary market. 17 Sept. 10