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Product Detail :
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Provision Of Transaction Advisory Services For Gold-backed Exchange-tr...
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Expression of Interest: Provision Of Transaction Advisory Services For Gold-Backed Exchange-Traded Fund (ETF)
1. The Minerals Income Investment Fund ( MIIF or the Fund ), Ghana’s minerals sovereign fund, was established by the Minerals Income Investment Fund Act, 2018 (Act 978) as amended to serve as a strategic lever to maximize the value creation potential of the mining sector for sustainable national development. The mandate of the Fund is to manage the equity interest of the Republic of Ghana in mining companies and receive dividends from these equity interests, to receive mineral royalties and other related income due to the Republic of Ghana from mining, and to provide for the management and investment of these funds.
2. As part of the Fund’s strategic objectives, the Fund intends to create a physical gold-backed Exchange-Traded Fund ( ETF ) to be listed on the Ghana Stock Exchange. The listed ETF shall deepen the capital market and create an avenue for individuals and institutions to invest in the mining value chain.
3. The Fund intends to apply part of its Internally Generated Funds (IGF) to payments under the contract for the provision of Transaction Advisory Services for Gold-Backed Exchange-Traded Fund (ETF) (the Services ).
4. The objective of the assignment is to provide transaction advisory services leading to the successful structuring and listing of a gold-backed ETF on the Ghana Stock Exchange ( GSE ).
5. The scope of the services for the include the following:
i. Advising and assisting in the preparation of transaction strategy, roadshows, market research on key sectors, preparation of information memorandum if any, preparation of roadmaps, and timetables;
ii. Advising and driving the structuring process of the ETF;
iii. Organising and managing interactions between potential investors and the Fund;
iv. Advising and assisting with obtaining all relevant approvals and consents for the listing of the ETF; and
v. Co-ordination of all advisers and ensure that project timelines are met.
vi. Any other relevant services generally provided for similar assignments.
6. The Fund invites eligible consultants/firms to indicate their interest in providing the above mentioned services. Interested consultants/firms with the requisite qualification and experience must provide the following information/documentations indicating that they are qualified to perform the services:
a) Letter expressing Interest in the assignment
b) Detailed Profile and general background of the firm including:
- Firm’s existence for a minimum of five (5) years
- Evidence of license by the Securities and Exchange Commission ( SEC ) and GSE as investment advisors and broker(age)-dealers
- demonstrate experience in Government related transactions
- evidence of local participation among key staff
- other relevant professional expertise
c) Description of similar assignments undertaken for at least five (5) years
d) Availability |