The Securities and Exchange Commission (SEC) has clarified that mutual funds and unit trusts previously managed by investment firms whose licenses were recently revoked are still valid and must run. According to SEC, the revocation of the licenses on Friday, November 8 of 53 fund managers does not affect the licenses of nor terminate the …
Executive Chairman of the Jospong Group of Companies has reiterated his call for a sustainable Plan for the development of Africa that is backed by “massive” private sector investment. Dr. Joseph Siaw Agyepong stressed that “private sector participation in EU-Africa relations is an assured way to foster development on the continent”. The Executive Chairman of …
In its quest to facilitate the expansion of trade and investment between Ghana and Barbados, an indigenous Ghanaian firm and its counterpart from Barbados have signed a partnership agreement to boost e-commerce within the two countries. The signing of the Memorandum of Understanding (MoU) which took place on the sidelines of a business-to-business investment summit …
The Securities and Exchange Commission (SEC) has, with effect from today, revoked the licences of Fifty-Three (53) Fund Management Companies. According to SEC, these actions were taken pursuant to Section 122 (2) (b) of the Securities Industry Act, 2016 (Act 929 or “the Act”) which authorizes the Securities and Exchange Commission to revoke the licence …
The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says it shared the necessary information and the claims are politically motivated. The case is at the forefront of a rising number of legal actions faced by oil and gas firms. Exxon’s trial on the …
First, a deep cleanup of its banking sector battered Ghana stocks. Now, investors already appear to have a wary eye on elections due next year, curbing the prospects of any revival. The Ghana Stock Exchange Composite Index, the world’s third-worst performing equities benchmark in 2019 in dollar terms, has suffered as a government-led reorganization of …
The Securities and Exchange Commission (SEC) has placed a six-month moratorium on the issuance of new fund management licensing as it begins processes to overhaul the licencing regime as well as clean up troubled sector. A release issued by the Commission stated that it will, however, continue to review applications for renewals for existing Fund …
Director-General of the Securities and Exchange Commission (SEC), Rev. Daniel Ogbarmey Tetteh has warned licensed fund managers against the sale of guaranteed products. Speaking at the launch of two mutual fund products by First Finance Corporation, the SEC boss charged fund managers to uphold the regulations of the regulator so the financial market regains confidence …
A new report by CUTS Ghana has shown that foreigners who wish to invest in Ghana want the minimum capital requirement set by the GIPC Act, 2013 (Act 865) reduced. The research was conducted in collaboration with the World Economic Forum and the Ghana Investment Promotion Centre (GIPC). According to the research findings, some foreigners …
The Ghana Investment Promotion Centre (GIPC) has created a platform to explain the various investment opportunities in Ghana to potential investors attending the African Green Revolution Forum (AGRF) in Accra. The Chief Operating Officer of GIPC, Carl Nelson, speaking at an Investing in Ghana Meeting on Thursday on the topic: “Investing in Agriculture-Raising Efficiency and …