The Securities and Exchange Commission is far advanced with its plans to introduce crowd funding in Ghana. The capital markets regulatory institution expects to have established a framework for its commencement imminently and hopes to have it up and running, backed by the requisite legislation as early as next year, despite the inevitable delays in …
The Securities and Exchange Commission (SEC) has issued a new directive to the capital market in line with its efforts to strengthen adherence to Guidelines on Anti-Money Laundering/Combating the Finance of Terrorism (AML/CFT). With the new directive based on the AML/CFT guidelines, the Commission is requiring that all market operators submit twice every year reports …
Licenses of some fund management companies which were revoked in 2019 will be restored by the Securities and Exchange Commission soon. This was revealed by the Commission’s CEO, Rev. Daniel Ogbamey Tetteh when he appeared on Citi FM’s morning show on Tuesday. According to him, some of the firms in question appealed the revocation of …
For the past seven months, four Mutual Funds and Unit Trusts have been without any fund managers, as their Directors and Trustees have failed to appoint new fund managers. This follows the revocation of the licenses their erstwhile fund managers on November 8, 2019, by the Securities and Exchange Commission (SEC). The Mutual Funds and …
The Head of Wealth Management at the Standard Chartered Bank Ghana Limited, Mrs. Setor Quashigah, has advised the investing public to assess their risk appetite before they sign up for any investment product. She said more than often, people signed up for investment products without first checking their risk profile and are found wanting when …
Ghana has been ranked the sixth-best country in Africa for investors in the latest RMB Investment Attractiveness 2020 rankings. The country climbed three places from the previous year’s report – edging closer to the coveted top 5 countries for investments in the whole of the continent. The report released earlier this week said the country’s …
As part of efforts to help Ghanaian entrepreneurs have easy access to funds to expand their businesses, the Ghana Climate Innovation Centre Investor Directory, has launched an online portal that creates an avenue for entrepreneurs to examine a number of investors who may have interest in their businesses. In an interview with Citi Business News, …
Capital market operators who would like to engage in assisting firms to raise capital in the form of Initial Public Offerings and bonds should be ready to obtain separate licenses for such activities anytime soon. It follows plans by the regulator, the Securities and Exchange Commission, SEC, to ensure sanity in the market. This will …
President Nana Addo Dankwa Akufo-Addo has said that Ghana is presently the largest recipient of Foreign Direct Investment (FDI) in West Africa. According to him, this follows a massive vote of confidence by investors in his administration’s current management of the economy in the latest successful issuance of the Eurobond. “The massive vote of confidence …
The Securities & Exchange Commission, regulator of Ghana’s capital market operators are on the verge of agreeing with the various firms under their regulatory purview as to the new minimum capital levels that should apply, for them to retain their operational licenses. Goldstreet Business has been reliably informed that the regulator and the regulated firms …