Tag: SEC
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Capital market: African players urged to embrace integration
Players in the financial space have emphasized the need for an integrated capital market in the African sub region. According to them such integration will support a robust and uniform economic renaissance on the continent, along with the transition to a broader, more diversified, sustainable, and digitalized economy. One of the characteristics of the fast-evolving…
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Aggrieved Gold Coast customers threaten to resume picketing over unpaid funds
Following the expiration of a week ultimatum given to authorities, aggrieved customers of the defunct Gold Coast Fund Management Company have threatened to resume picketing at the Securities and Exchange Commission (SEC) in demand for their locked-up funds. The customers, who operate under the name BlackShield Capital Limited, claim that they have not received any…
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Gold Coast Fund customers give authorities one week ultimatum to respond to petition
Leaders of the aggrieved customers of the defunct Gold Coast Fund Management Company have given the Securities and Exchange Commission (SEC) one week ultimatum to respond positively to the demands of their petition which they presented to the Commission on Thursday, May 4, 2023. This comes after three days of picketing at the premises of…
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We’ll address concerns of Gold Coast Fund customers – SEC
The Securities and Exchange Commission (SEC) has promised to address the concerns of customers of defunct Gold Coast Fund Management Company Limited. The aggrieved customers on Thursday, May 4, returned to the premises of SEC to picket for the third day in a bid to demand payment of their locked-up funds. The leaders of the…
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SEC and West Africa Securities Regulators Association to hold 2nd edition of WACMaC
As part of efforts to foster market integration in the West African sub-region and facilitate cooperation among Capital Markets, the Securities and Exchange Commission (SEC) and the West Africa Securities Regulators Association is set to hold the second edition of the biennial West Africa Capital Market Conference (WACMaC). The West Africa Capital Market Conference is…
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SEC explains modalities in paying locked-up funds to customers
Mrs Deborah Mawusi Agyemfra, Deputy Director-General in charge of Legals at the Securities and Exchange Commission (SEC), has explained that institutions, whose funds were locked up in the financial sector clean-up exercise would receive 50 percent of their validated claims in tier one. The institutions include financial institutions (FI), associations, welfare institutions, credit unions and…
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We’re settling our clients via payment schedule – Legacy Fund Management
Legacy Fund Management Limited has assured its customers affected by the clean-up of the sector that they will receive their monies in full. The company urged them not to panic, as it is going through all the processes to ensure that they receive their monies. This follows calls some customers made to government to expedite…
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New SEC Board charged to work efficiently to drive economic growth
The Minister of Finance, Ken Ofori-Atta has inaugurated the Board of the Securities and Exchange Commission (SEC). The reconstitution of the Board was in line with the Securities Industries Act, 2016 (Act 929) as amended. Speaking at a ceremony to inaugurate the Board for the SEC, the Ghana Revenue Authority and the Social Security and…
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Retrieve our locked-up funds – Customers of TTL Capital to SEC
Over twenty-four thousand investors of the First Fund Investors Association have issued a two- week ultimatum to new fund managers, TTL Capital, to pay their locked-up funds of about GHS170 million or face their wrath. According to them, they have not been paid for the past 2 years. Addressing the media during a press conference,…
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Ghana’s financial market to receive boost after launch of Capital Market Master Plan – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, says confidence in Ghana’s financial markets should rise, with the introduction of a 10-year strategic Capital Market Master Plan by the Securities and Exchange Commission (SEC). The Capital Market Master Plan (CMMP) is aimed at diversifying the capital market as well as boosting economic growth. The plan hinges on…