The Securities and Exchange Commission (SEC) has launched an engagement series dubbed, “Time with the Commission” to drive closer partnerships with the investing public and other market operators in the capital market. The initiative forms part of the Commission’s mandate of regulating, innovating, and promoting the growth and development of an efficient, fair, and transparent securit...

The Securities and Exchange Commission today issued new capital requirements for market operators in the Ghanaian Capital Market Industry. The new directive in accordance with Section 209 of the Securities Industry Act 2016, (Act 929) is in line with the Commission’s mandate of regulating and promoting the growth and development of an efficient, fair and transparent securities market in ...

The Securities and Exchange Commission (hereinafter referred to as “SEC”) is the statutory body mandated by the Securities Industry Act 2016 (Act 929) to protect investors and the interest of the general investing public. The Act among other things specifically mandates SEC to “promote the orderly growth and development of an efficient, fair and transparent securities market in which inv...

PRESS RELEASE Background The Securities and Exchange Commission (SEC) issued a press release on the 28th August 2020 to give an update to the public on the aftermath of the revocation of licences of fifty-three (53) fund management companies. The revocation, which occurred on 8th November 2019 was due to their inability to return clients’ funds totaling GHC 8 billion, and significant...

PRESS RELEASE The Securities and Exchange Commission (SEC), acting in accordance with Section 122 (2) (b) of the Securities Industry Act 2016, (Act 929) (SIA) revoked the licenses of fifty-three (53) Fund Management Companies (FMCs) on 8th November 2019, due to their inability to return clients’ funds totaling GHC 8 billion, and significant breaches of applicable rules that created ris...

The Securities and Exchange Commission (SEC) hereby issues this Notice pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929) with respect to the taking over of the Ghana Stock Exchange (GSE) courses by Ghana Investment and Securities Institute Ltd (GISI). GISI, a company registered under the laws of the Republic of Ghana with the Securities and Exchange Commis...

SPEECH BY REV. DANIEL OGBARMEY TETTEH,  DIRECTOR-GENERAL  OF SECURITIES AND EXCHANGE COMMISSION, GHANA, DELIVERED AS THE SPECIAL GUEST SPEAKER AT THE GIMPA LAW CONFERENCE 2020, ON THE THEME, “THE BANKING AND FINANCIAL CRISIS IN GHANA AND COVID -19: TOWARDS SUSTAINABLE REFORM”, HELD ON 6TH – 7TH AUGUST 2020. The Rector of Ghana Institute of Management and Public Administration ...

The 2020 GIMPA Law Conference (www.gimpalawconferences.org) originally scheduled for April, but postponed due to the outbreak of COVID-19, has been reimagined as a VIRTUAL CONFERENCE scheduled for the 6th and 7th August 2020 via Zoom. It is being jointly organized by the African Centre on Law and Ethics (ACLE) at the GIMPA Faculty of Law and the GIMPA Business School, in partne...

This Directive is issued by the Securities and Exchange Commission (hereinafter referred to as “the SEC”) pursuant to sections 3, 140, 159, 160 and 209 of the Securities Industry Act, 2016 (Act 929) with respect to opening, maintenance and operation of Trust Accounts held by Capital Market Operators (hereinafter referred to as “Licencees firms”).   2.0    Scope and Application...

The Securities and Exchange Commission (hereinafter referred to as “SEC”) is the statutory body mandated by the Securities Industry Act, 2016 (Act 929) to promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.Section 138 of the Securities Industry Act, 2016 (Act 929) requires tha...