BoG licences Obsidian Achernar as primary dealer in gov’t bonds

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Obsidian Achernar has secured a licence to operate as a primary dealer in government of Ghana securities. Obsidian Achernar is part of a list of 17 firms licenced by the central bank for this purpose.

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 among a list of banks.

A statement from Obsidian Achernar said: “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).

“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.”

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 while holding ourselves to a rigorous international standards. 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.

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