Central Securities Depository (Ghana) Limited
Frequently Asked Questions About Central Securities Depository (Ghana) Limited
The institution is located in the Ghana of Ghana.
The official contact number is +233 (0) 302 689 313/689 314.You can contact them any time of the week from 8 am to 8 pm.
This institution has a long tradition and vast experience in business operations within Ghana and other areas of the Ghanian society.
About Central Securities Depository (Ghana) Limited
There are many great cities in the world, but nothing compares to Accra, Ghana.
The idea of establishing a Depository in Ghana originated from Ghana’s Financial Sector Strategic Plan (FINSSP) developed in the early 2000’s to reform the financial system and to attract investors into the Ghanaian economy. As a result, a National Bond Market Committee was established. The National Bond Market Committee was, among other objectives, mandated to identity the constraints in the development of corporate bond market of Ghana and recommend policies to facilitate smooth development of bond market. Moreover, the committee was tasked to monitor the performance of the government bond market to serve as a benchmark for the development of the corporate bond market in Ghana. Arising out of its work, the Committee in 2002 recommended that, the Government of Ghana should support the Bank of Ghana and the Ghana Stock Exchange to set up an automated securities depository and clearing and settlement system in Ghana. In other words, a Central Securities Depository with the core objective of promoting investment activities in the country’s financial market through the elimination of risks such as forfeiture, theft, mutilation etc that are associated with the issuance of paper based securities. Following the recommendation of the National Bond Market Committee, the Bank of Ghana in November, 2004 established the first Depository in the country alongside an Electronic Auction system to handle the issue, custody, dealing and redemption of government securities. This led to the establishment of an implementation committee to supervise the smooth implementation of a Central Securities Depository (CSD) to cater for all securities in Ghana. Membership was drawn from the Ministry of Finance, Bank of Ghana and Ghana Stock Exchange. The Ghana Stock Exchange in order to satisfy the prerequisite for the implementation of an Automated Trading System set up a Depository, the GSE Securities Depository Company Ltd. (GSD) as a wholly owned subsidiary. The GSD was incorporated to facilitate the dematerialization of securities, the admittance of securities into the securities depository system and provide facilities for effective electronic deliveries of book-entry securities. The GSD was granted a licence by the Securities & Exchange Commission to operate a Securities Depository on November 5, 2008 and started operations on November 14, 2008. The implementation of the System by the GSE Depository Company ushered in a new era of fast and efficient delivery and settlement system for equities and corporate bonds on the market. As at the time of the merger of the two Depositories, GSD had 76% of the total issued shares of listed Companies, opened 76,344 accounts and had successfully set up a registrar unit that managed the registers of CAL Bank Ltd, Tullow Oil Plc and afb Limited. Recognising the small nature of the country’s market a process was initiated in 2012 to merge the two Depositories operating in the country with support from the Ministry of Finance. Thus, the merger was necessitated to establish a single Depository to serve as a one-stop-shop for dealings involving debt and equity instruments in the country. Mission To provide a secure, dependable and efficient clearing, settlement, depository, registrar and other related securities services to satisfy our customers. Vision A globally recognised provider of efficient and reliable securities services, contributing to a well-organised and robust financial market in Ghana. Core Values Fairness : Impartial and equitable treatment for all Accountability : Be accountable and transparent in all our dealings Customer Focus : Highest priority to customer needs Excellence : Excellence in provision of service Integrity : Adhere to high moral and ethical standards in the delivery of our services Teamwork : Collaborative effort to achieve a common goal Security : Be security aware and be deliberate about it Website : https://www.csd.com.gh/contact.html Location Address: 4th Floor, Cedi House Phone number: +233 (0) 302 689 313/689 314 Email address: email@example.com Website URL: http://www.csd.com.gh
Official Phone Number : +233 (0) 302 689 313/689 314
Related: Brokers, Financial Activity, Banks & Financial Institutions
There are many other great businesses and listings to find in Ghana. Here are the other ones:
Location of: Central Securities Depository (Ghana) Limited -driving directions, map,live traffic updates and road conditions
How to find the location and driving directions to Central Securities Depository (Ghana) Limited
Time needed: 10 minutes.
Find the location Near Me .
- Scroll to your location near Central Securities Depository (Ghana) Limited.
Check on the map to view Central Securities Depository (Ghana) Limited. The location is indicated by a bright red marker.
- Scroll in the location.
Scroll closer to the location by clicking the zooming icons “+” and “-“.
- Driving directions.
For driving directions view the whole map by clicking the top left corner to widen the map or to view it on the google maps page.
Chick the driving direction button. A small pop-up will indicate the direction and the fastest way to get to the location.