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CSD Ghana Partners with Montran to Modernize Financial Infrastructure

In a groundbreaking development for Ghanaian finance, Central Securities Depository (GH) Limited, commonly known as CSD Ghana, has fully transitioned to Montran's next-generation Central Securities Depository (CSD) solution. This marks a pivotal step for the nation's financial market, aiming to streamline and modernize its post-trade infrastructure.

The fully operational platform integrates various core services provided by CSD Ghana, such as depository, settlement, registrar, and auction management. This unification is designed to foster seamless relations with key stakeholders in the financial ecosystem, including the Real-Time Gross Settlement (RTGS) system, the Ghana Stock Exchange, Bloomberg, and GHIPSS (Ghana Interbank Payment and Settlement Systems). The collaboration is set to significantly improve the efficiency, security, and interoperability of financial transactions within the country.

Joseph Oko Lartey, the Chief Executive Officer of CSD Ghana, remarked on this monumental shift, stating, "This go-live represents a strategic leap forward for Ghana's capital markets. The integration of real-time, secure services not only enhances the experience for local stakeholders but also boosts our global competitiveness. Our partnership with Montran is pivotal in orchestrating this transformation."

The introduction of Montran's cutting-edge technology replaces an older infrastructure that had become fragmented and restricted operational capabilities over time. The modernized system, equipped with advanced architecture, enables CSD Ghana to achieve faster settlement cycles, enhance liquidity management, and bolster resilience against operational risks. Furthermore, the platform aligns with regulatory requirements, positioning CSD Ghana well to support new asset classes and services as market demands evolve.

Among the exciting innovations tied to this launch is the new Investor Portal developed by CSD Ghana. This portal allows investors to access real-time portfolio information and enables swift onboarding for new accounts. This enhancement is poised to significantly improve user experience, promoting inclusivity within Ghana's capital market.

Miguel Espinoza, Head of Capital Markets at Montran, expressed enthusiasm about the successful collaboration, stating, "Going live with CSD Ghana is a significant milestone for us. We share a vision for financial modernization that is now a reality, empowering Ghana's capital markets with the agility, security, and transparency necessary in today's fast-paced financial landscape."

The successful implementation of Montran’s platform not only reinforces CSD Ghana's role as a leader in post-trade services but also catalyzes the ongoing evolution of financial markets across Africa. As Ghana positions itself as a regional leader, the reliance on a robust infrastructure will undoubtedly spur further developments in financial innovation.

About Montran

Montran is recognized globally as a leading provider of Payment and Capital Market Infrastructure solutions, serving top financial institutions with critical installations and operations in over 90 countries. More information can be found at Montran's website.

About Central Securities Depository (GH) Limited

The Central Securities Depository (GH) Limited stands as Ghana's primary post-trade institution, delivering essential services such as depository, settlement, registrar, and auction management. As a key element of Ghana’s financial framework, CSD Ghana is dedicated to transparency, efficiency, and the progressive development of the nation's capital markets.