Dr. Daniel Amateye Anim, Chief Economist at PIED Africa, has called for stringent credibility assessments in appointing bookrunners for Ghana’s domestic bond market reopening.
He emphasized that restoring investor trust requires institutions with proven governance and integrity, cautioning against selecting firms with histories of mismanagement.
The Ministry of Finance reportedly seeks new bookrunners after previous mandates lapsed amid Ghana’s debt restructuring. Dr. Anim stressed that institutions handling public funds must command market confidence: “Any misstep could derail issuances and undermine fiscal recovery.” His warning follows Ghana’s efforts to revive its bond market after months of IMF-backed debt restructuring.
Dr. Anim framed the selection as a critical test of the Mahama administration’s commitment to transparency. He urged prioritizing technical capability over political considerations, noting credible bookrunners would attract renewed investor interest and support Ghana’s broader economic stabilization goals. The domestic bond market remains vital for financing government operations under ongoing fiscal consolidation.