About Us
Key Milestones in the Development of CSD
Overview
The Bank of Ghana took the initiative to set up the first Depository in Ghana in November 2004, alongside an Electronic Auction System to manage the issue, custody, and redemption of government securities. This laid the groundwork for a Central Securities Depository that would handle all securities in Ghana.
Key Milestones
2002
The National Bond Market Committee recommended establishing a national securities depository.
2003
The CSD Implementation Committee was formed.
2004
CSD went live as a department of the Bank of Ghana; a contract was awarded to Millennium Information Technology (MIT) to implement a depository and primary auction system.
2007
The Central Securities Depository Act (Act 733) was passed.
2008
The GSE Securities Depository was established to handle equities; the GSD was licensed to operate by the Securities & Exchange Commission.
2010
The CSD was incorporated as Central Securities Depository (GH) Ltd., a fully owned subsidiary of the Bank of Ghana.
2013
The CSD achieved key milestones, including the integration of Straight Through Processing (STP) and the successful merger agreement between the Bank of Ghana and the Ghana Stock Exchange.
2014
The merger of the CSD and GSE took effect, forming the consolidated Central Securities Depository.
2016
The CSD upgraded its systems and took over the settlement of equity trades from the GSE Clearing House.
Recent Developments & Achievements
2016
The CSD successfully integrated with the Automated Trading System (ATS) of the Ghana Stock Exchange and launched the Ghana Fixed Income Market (GFIM), using Bloomberg to facilitate bond trading.
2016
The CSD became the first to admit domestic dollar-denominated government securities into the depository system, enhancing the country’s fixed-income market.
2015
CSD joined the International Securities Services Association (ISSA), further solidifying its international standing.
2013
The CSD was awarded an ISO 27001 Certification for its Information Security Management.
Strategic Vision for the Future
The CSD continues to modernize and expand its services to improve market efficiency. As of 2013, a five-year strategic plan (2014-2019) was developed, which focused on integrating the latest technology, enhancing market infrastructure, and expanding the scope of securities covered by the depository system. The goal is to create a more efficient and secure environment for both equity and debt investors in Ghana.
With the continued development of automated systems, straight-through processing, and integrated market infrastructure, the Central Securities Depository in Ghana is positioned as a central player in supporting the growth of the country’s financial market, ensuring transparency, security, and efficiency in the settlement and delivery of securities.
