The Securities and Exchange Commission (SEC) has issued the first credit rating licence to an indigenous company in Ghana, which will allow for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. This will be a boost to development of the corporate bonds market, given that corporate bond issuers …
The Chief Executive Officer (CEO) of Vodafone Ghana, Patricia Obo-Nai, has tasked policymakers to make fundamental changes to Africa’s macroeconomic environment to position the continent as a preferred investment destination. According to her, policymakers in Africa must introduce innovative ways to change the African narrative to help attract investors. “Africa should be more deliberate in …
The Ghana Investment Promotion Centre (GIPC) has been adjudged Africa’s best investment promotion agency for the third consecutive year by the Capital Finance International magazine (CFI.co) In the citation for the award, the CFI.co highlighted GIPC’s multi-level approach to investment attraction leveraging technology, social media, and other ingenious initiatives to deliver on its mandate. It …
The Securities and Exchange Commission (SEC) has issued guidelines to regularise the operations of credit rating agencies (CRA) in the country, allowing for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. Per the new guidelines issued last week, SEC requires that any foreign company that is licenced as …
Reverend Daniel Ogbarmey Tetteh, Director-General, Securities and Exchange Commission (SEC), says for any economy to grow and develop, savings and investment were key. He said the ability of individuals and households to save and invest was a key driver of the economy. Rev Tetteh was speaking at an event dubbed, “Time With the SEC” for …
The Rural and Community Banks, RCBs, after exhibiting resilience in their operations and battling it out during financial reforms still have a total of GH¢457.86 million locked up with investment companies that are regulated by the Securities and Exchange Commission, Business & Financial Times has learnt. At the beginning of the reforms, the total amount …
Mr Francis Boadu, Head of Department (HoD) in charge of Broker Dealers and Advisors at the Securities and Exchange Commission (SEC) has advised investors not to put money into an investment they did not fully understand. He said if they suspect an investment to be a “Ponzi scheme” or any other type of scam they …
Invest in Africa (IIA), a not-for-profit organisation focused on growing local small and medium enterprises (SMEs) across sub-Saharan Africa, has been selected by Tullow Ghana Limited to implement its recently launched Financial Readiness programme. The Financial Readiness programme is an eight-month programme, launched in August 2021, with the goal of assisting suppliers in the oil …
Mybitstore Limited, a Ghanaian tech developer, has introduced an application that enables cryptocurrency traders across the world to trade using its secured escrow system. The app, Mybitstore, provides a platform for the buying, selling, receiving and conversion of bitcoin to mobile money and vice versa. It also allows users to convert unused gift cards to …
Countries the world over are challenged to do more in revitalising their economies as a way in which to bounce back after the effects of the Covid-19 pandemic. For this reason, the Ministry of Information (MOI) and the Ghana Investment Promotion Centre (GIPC) through an investment event called the ‘Spark Up Investment Summit’ are looking …