Ghana Boosts Bond-Price Transparency With Exchange Reporting

Ghana plans to boost transparency in bond trading by reporting prices for benchmark government debt to the stock exchange, letting investors in West Africa’s second-biggest economy see changes in the figures more quickly.

Central Securities Depository Ghana Ltd., which tracks trades in government and central bank debt, is set to merge with the Ghana Stock Exchange’s register by the end of June, Chief Executive Officer Stephen Tetteh said in an e-mailed response to questions in Accra, the capital, on April 24. By July, prices will be sent to the bourse, bringing Ghana closer in line with South Africa and Nigeria, the continent’s two most liquid markets, where bonds are traded over-the-counter with transactions reported to the exchanges and price providers.