Tag: Securities and Exchange Commission
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GSE tightens rules on green bonds
The Ghana Stock Exchange (GSE), in collaboration with the Securities and Exchange Commission (SEC), has launched new rules to guide the listing and trading of green and sustainable bonds on the market. Dubbed the Green and Sustainable Bond Rules, the launch of the new guidelines formed part of activities to mark the 32nd anniversary of…
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EOCO, SEC caution public against doing business with these 17 unlicensed entities
The Securities and Exchange Commission (SEC) is cautioning the public against doing business with some 17 entities providing investment products without a license. In a joint statement issued by SEC and the Economic and Organized Crime Office (EOCO), it was revealed that these entities were found to be operating through online portals. This was a…
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SEC in talks with Finance Ministry to exempt investment transactions from e-levy
Ahead of the implementation of the second phase of the electronic transfer levy, the Securities and Exchange Commission (SEC) is urging market operators and players in the investor community to update their customers’ investment records using the Ghana cards. This is to help in facilitating potential exemptions of investment transactions from the e-levy. This is…
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Tesah Capital dissociates itself from alleged ponzi scheme, Tizaa Ghana Fund
An investment management company, Tesah Capital Limited, has dissociated itself from an alleged Ponzi scheme known as Tizaa Ghana Fund. A publication by GhanaWeb about the alleged Ponzi scheme, Tizaa Ghana Fund, had the company’s logo in the background, an image captured at the recent launch of Tesah Capital’s Collective Investment Schemes. But a statement from Tesah Capital Limited…
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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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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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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…
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IFC and SEC partner to develop green bonds market
In its quest to unlock investment for private sector projects that support renewable energy and energy efficiency in the country, IFC and the Securities and Exchange Commission (SEC) have partnered to facilitate investments in projects that address climate and environmental issues through green bonds. Under the agreement, IFC, a member of the World Bank Group,…
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SEC warns public against investing in Wiseling Online Investment Company
The Securities and Exchange Commission (SEC) has cautioned the public against investing in Finland-based company operating in Ghana, Wiseling Online Investment Company. SEC says it has not licensed the company to carry out any Capital Market activity including investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 (Act…
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SEC refers CHY Century Heng Yue Group Limited to EOCO
The Deputy Director-General Legal, of the Securities and Exchange Commission, Mrs. Deborah Mawuse Agyemfrah has told Citi Business News that the case involving CHY Century Heng Yue Group Limited and SAIRUI E-Commerce Ghana Limited, has been referred to the Economic and Organised Crime Office (EOCO). In a press release dated January 8, 2021, the SEC…