Fidelity Bank to deal in govt securities
Fidelity Bank Ghana Limited has received authorisation from the Bank of Ghana to be an approved Primary Dealer (PD) in the purchase and sale of government of Ghana securities under the new wholesale auction system.
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The authorisation allows the bank to purchase treasury bills and bonds in bulk at the weekly primary auction and on-sell them to individuals and corporate investors and holders in the secondary market.
A statement from the bank said the authorisation offers an exciting opportunity to customers and non-customers of Fidelity Bank to buy and sell treasury bills or bonds at so much ease and comfort now.
“Customers are now able to contact any of the 75 branches of the bank nationwide and make their purchases of treasury bills and bonds,” the statement said.
It assured customers of competitive rates on treasury bills and bonds.
The Deputy Managing Director of the bank, Mr Jim Baiden, said the selection of Fidelity Bank as a PD affirms the bank’s credibility and sound record as an accomplished securities dealer over the past several years.
He said the authorisation was a step in the right direction towards the bank’s ambition of becoming a world-class bank that pursued high standards in banking.
He further added that the bank would continue to improve its service delivery by focusing on the needs of customers and optimising existing processes to match global standards.
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“As a matter of priority, we will be focusing on evolving technologies that will define the future of banking. We will also increase capacity levels across all departments and branches to ensure that the bank is well resourced and ready for the future. We believe with the support of our customers, we will achieve our aim of becoming the preferred indigenous bank rendering world-class services to our home-based customers,’’he reiterated.