ICMA publishes new GMRA legal opinion for Ghana
8 August 2024 ICMA is pleased to announce the publication of a new Global Master Repurchase Agreement (GMRA) legal opinion for Ghana.
Following member requests, ICMA commissioned a legal opinion for Ghana that covers the enforceability of the netting provisions of the GMRA, as well as the validity of the GMRA as a whole, under the laws of Ghana.
Exclusively available to ICMA members, the legal opinion for Ghana can be accessed on the aosphere platform, along with the other 70 legal opinions in ICMA’s GMRA legal opinion library.
About the GMRA legal opinions
The opinions provide ICMA members a business-critical service with exclusive access to a substantive body of legal know-how regarding the enforceability of the GMRA and, in particular, the GMRA netting provisions in 71 jurisdictions globally.
Regulators require repo transactions to be subject to agreements like the GMRA, supported by regularly updated legal opinions, in order to reduce regulatory capital requirements through close-out netting. ICMA legal opinions enable members to realise these significant regulatory capital benefits.
Full list of jurisdictions covered by the legal opinions
