Futures & Forwards Consultant , International Development
February 22 2023
Accra, Ghana , Accra , Ghana
Nathan is a leading provider of analytic and economic consultancy services worldwide. In the past decade, we have implemented more than 120 projects in more than 50 countries leveraging our global presence in Washington DC, London, and India. From improved transparency and deeper stakeholder engagement to more effective policies and more resilient businesses, we deliver results that impact economic growth, human development, and poverty reduction. We are passionate about applying our deep analytical expertise and advanced proprietary tools to generate economic solutions tailored to our clients’ unique challenges. Nathan focuses on a range of economic development subject matter areas including Trade & Logistics; Economic Policy & Governance; Private Sector Development; Women’s Economic Empowerment; and Structured Finance and Investment.
The Feed the Future Ghana Trade and Investment (GTI) Activity was initiated December 1, 2021 and will run for five years. The Activity will work closely with public and private sector stakeholders to improve the enabling environment for Ghana’s economic growth by (1) facilitating growth in export-oriented trade; (2) improving and developing product standards; (3) catalyzing investments in private enterprises related to high-value commercial crops; (4) promoting job creation, particularly among women and youth; (5) promoting economic diversification; and (6) increasing foreign exchange revenues from high-value export crops. GTI will increase investment opportunities for firms that trade goods across borders, spur innovation, and build the capacity of the entire trade sector.
GTI will scale-up its approach and develop a flexible menu of innovative financing activities that include equity and quasi-equity instruments that leverage the private sector to increase two-way trade and investment between the United States and Ghana. Our transaction advisory services will facilitate exports and investment, and adhere to the principle of additionality to address market gaps unfilled by the private sector.
The Ghana Commodity Exchange (GCX) seeks to introduce new financial products and deepen the country’s capital market. GTI will collaborate with GCX to develop a framework for innovative financing instruments for commodities, in an effort to develop suitable products. To achieve this, GTI will engage the services of an international consultant, on a short-term basis, with experience and knowledge in the mechanics, operations, and design of financial products for commodities.
The consultant will develop a framework and guidelines for the introduction of futures and forward financial instruments on traded commodities at the GCX. The framework will provide the legal basis for regulating trading in futures, protecting the lawful rights and interests of traders, and promoting futures and derivative markets to serve the real economy. The achievement of this objective will mark a new chapter in the development of financial instruments in Ghana.
The framework to be developed will include:
·Contract types and sizes
·Traceability and trading rules
·Product quality, standardization, and grading issues
· Clearing and settlement rules
· Conciliation and arbitration
· Settlement Guarantee Fund
· Customer protection
· Market information dissemination
· Market surveillance
· Conduct desk and literature reviews of existing frameworks and best practices;
· Create a pros and cons analysis of futures and forwards;
· Validate recommendations with stakeholders;
· Design and develop a framework;
· Develop a futures guidelines document.
·Minimum of a bachelor’s degree in Law, Finance, or Public Policy;
·Ten or more years of professional experience in government, financial markets, or a related field;
·Demonstrated experience in developing futures and forward financial instruments;
·Demonstrated experience in commodities and equity/fixed income exchanges;
·Demonstrated ability to interact with government and other public stakeholders in developing countries in the English language;
·Experience working with USAID and/or other international donors preferred; and
·Experience working in West Africa preferred.
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Nathan is an equal opportunity/affirmative action employer with a commitment to diversity, equity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin. EOE Minorities/Females/Disabled/Veterans.
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