BoG licenses Obsidian Achernar, 17 others as primary dealers in government bonds

Ghanaian-owned brokerage firm, Obsidian Achernar, has been licensed by the Bank of Ghana as one of the Primary Dealers (PDs) of government bonds for the country.
Obsidian Achernar was commissioned by the central bank, along with 17 other reputable financial institutions including Absa Bank, Stanbic Bank and Standard Chartered Bank.

Their appointment follows an invitation by the Ministry of Finance for banks and other financial agencies to apply to be PDs and Bond Market Specialists (BMSs).

Obsidian Achernar is currently the only brokerage firm that has been approved by the Central Bank to operate as a Primary Dealer and FX Broker.

A statement from the firm described the appointment by the BoG as “a significant and tangible vote of confidence in our firm by the regulator.”

“It bears testament to our years of commitment to supporting business growth on the continent by providing our clients with a bespoke range of outstanding financial services,” the company said.

Below is the full statement from Obsidian Achernar

May 14, 2021

Bank of Ghana Licenses Obsidian Achernar as Primary Dealers in Government Bonds

OBSIDIAN ACHERNAR is proud to announce that we have been commissioned alongside only

17 other firms by the Bank of Ghana to be the officially licensed Primary Dealers of government bonds for Ghana. The other PDs include established names such as Absa Bank, Stanbic Bank and Standard Chartered Bank.

Our appointment follows an invitation by the Ministry of Finance for banks and other financial agencies to apply to be PDs and Bond Market Specialists (BMSs).

Obsidian Achernar is currently the only brokerage firm that has been approved by the Central Bank to operate as a Primary Dealer and FX Broker.

We consider this to be a significant and tangible vote of confidence in our firm by the regulator. It bears testament to our years of commitment to supporting business growth on the continent by providing our clients with a bespoke range of outstanding financial services.

About Us:

OBSIDIAN ACHERNAR is powerfully African and truly global; we are a wholly-Ghanaian-owned firm that specialises in delivering high-quality services for a broad range of financial products. We have experience across Financial technology, Fixed Income, Currencies and Commodities brokerage, Corporate Advisory; where we help African companies to compete on the international level.

As an indigenous Ghanaian firm, we understand what it means to do business in Africa whilst holding ourselves to a rigorous international standard.




Our vision is to be the foremost financial institution for the African markets as they mature and to deliver financial products that are designed to meet the needs of our clients in a constantly evolving market environment.

We do so with extensive services, a diversified client base, platform scalability, and leading proprietary technology, data and analytics offerings.

The firm has about 50 professionals across the globe, 30 of whom are based in Accra, with key teams in Europe, London and an established network of partners based in Kigali, Kinshasa, Johannesburg, Lagos, Abidjan, Nairobi and Arusha.

Additionally, we have banking relationships with tier one (1) international Banks, Private Equity, Pension and Hedge Funds in the USA, Switzerland, UK and Hong Kong and work with a network of well-established banks in the varied markets of Africa.

We pride ourselves on our attention to detail and the insightful and person centred nature of our customer service; our dedicated team is always on hand to help.

Source:starrfm.com.gh