Apr 14, 2011
Securities & Exchange Commission strengthened
Mrs. Effie Simpson Ekuban, Chief Director of the Ministry of Finance and Economic Planning, has announced that government is supporting the Securities and Exchange Commission (SEC), to review and amend its law suit the changing financial landscape.
She adds that government is also assisting SEC to strengthen its regulations, as well as helping to establish a Securities and Investment Institute, which will improve the professional standards and also bring the industry up to date with best practices. Mrs. Simpson Ekuban announced this in Accra in a speech read on her behalf, at the launch of the 2010 Ghana Investment Awards, organized by Premier Networking Investment Club (PNIC), under the auspices of the Association of Chartered Certified Accountants (ACCA), on the theme, “Promoting Sound Investment to Enhance Wealth Creation and Economic Development”. She noted that a well-developed securities market has the ability to mobilize private funds and channel them into the most productive sectors of the economy, which calls for innovative means of generating the necessary long term and cheaper resources required for accelerated growth. Mrs. Simpson Ekuban further reiterated government’s commitment to developing this market to facilitate the advancement of the overall financial market as an efficient source of longer term financing. In all there are 16 award categories to be bestowed on deserving firms and individuals that distinguished themselves in the investment sector in the 2010 working year. Source: ISD