Overview
Consultant to develop guidelines for the demutualization of the Ghana Stock Exchange, including drafting guidelines and legislation, and providing implementation support.
Key Responsibilities
- Conduct a diagnostic review of the GSE’s current structure, governance, and operations
- Review relevant laws, regulations, and policies governing capital markets in Ghana.
- Benchmark demutualization experiences from comparable markets
- Consult with key stakeholders
- Draft Demutualization Guidelines for the Ghana Stock Exchange, covering governance arrangements, ownership and control structures, regulatory approvals, transition mechanisms and post demutualization oversight.
- Draft legislation for the demutualization.
- Identify legal, operational, financial, and market risks associated with the demutualization process and propose mitigation measures.
- Provide technical advisory and implementation support to the Securities and Exchange Commission in operationalizing the demutualization framework, including guidance during the transition process and development of implementation tools.
- Build capacity of the regulators, on policy, legal, regulatory and operational aspects of demutualization to enhance understanding and build expertise.
- Inception Report: Outlining the detailed work plan and methodology.
- Draft Demutualization Guidelines: Comprehensive draft guidelines for the demutualization of the stock exchange
- Draft legislation for the demutualization.
- Technical workshop: Delivery of training to key stakeholders.
- Final Guidelines: Incorporating feedback from stakeholders and finalizing the guidelines.
- Implementation Support Report: Documenting technical advisory and support provided to the Securities and Exchange Commission in operationalizing the demutualization framework, including transition guidance, implementation tools and templates developed.
Required Experience
- At least 5 years of experience in capital markets, financial sector reform, or exchange governance is required.
- Proven experience in drafting and advising on demutualization guidelines is required.
- Experience working with securities regulators, stock exchanges, ministries of finance, or similar public sector financial authorities in Africa or emerging markets is desirable.
