Audit and Risk Management

The Audit and Risk Management Department is responsible for evaluating the adequacy of accounting, financial, operating procedures, and internal controls of the SEC and its regulated entities to ensure their compliance with policies and applicable regulations. The department also doubles as the Anti-Money Laundering/Combating the Financial of Terrorism & the Proliferation of Weapons of Mass Destruction (AML/CFT & P) unit of the Commission. The Unit was established to detect all forms of money laundering and terrorism financing activities in the capital market.

Broker-Dealers and Advisors

The Broker-dealers and Advisers Department oversees the activities of broker-dealers and investment advisors. This includes on-site and off-site monitoring of their activities, as well as the processing of license applications.

Exchanges and Markets

The Exchanges and Markets Department is responsible for ensuring fair, efficient, and transparent trading in securities on Ghana’s capital market. In particular, it supervises the secondary market and all its participants, which is exchanges, depositories, and registrars.

Funds Management

The Funds Management Department is responsible for all fund management companies that take funds for the purposes of management, the operations of custodians and trustees of Collective Investment Schemes and pension funds.

Issuers

The Issuers Department oversees all activities involved in the issuance of new securities, from the initial application to post-offer activities. A major component of this involves monitoring the disclosure of material information to the investing public by issuers of listed securities. The department’s review process extends to ascertain if disclosures made by issuers conform to the disclosure requirements and standards imposed by law.

Legal and Enforcement

The Legal and Enforcement Department provides general legal advice to the Commission and investigates breaches of the Securities Laws. It is the primary department through which the Commission carries out its role as regulator, charged with the implementation of the Law.

Policy Research and Information Technology

The Policy, Research, and Information Technology (PR&IT) Department is responsible for carrying out the Commission’s market developmental role and managing its information technology. It provides research support in regulatory and enforcement policy areas, as well as implements the Commission’s public education programmes. The department’s IT function is designed to support the Commission and its staff in all aspects of information technology including training.

Finance and Capital

The Finance and Capital Department is generally responsible for the financial administration and management of the finances and funds of the Commission.

Human Resource and Administration

The Human Resources and Administration Department is responsible for ensuring the smooth functioning and the provision and maintenance of the appropriate support services to all departments of the Commission.