Regulatory Alerts2021-08-11
Inauguration of the Securities and Exchange Commission Board
The Securities and Exchange Commission of Ghana has announced the inauguration of its reconstituted Board by the Minister of Finance under the Securities Industries Act, 2016. The newly constituted board comprises a Chairman, three Executive Commissioners, and seven commissioners representing government ministries, the Bank of Ghana, and professional institutions. Mandated to sustain investor confidence and execute the Capital Market Master Plan, the board will direct regulatory oversight and strategic development for Ghana’s financial sector.
The Minister of Finance, Hon. Ken Ofori-Atta has inaugurated the Board of the Securities and Exchange Commission at the Ministry of Finance.
The reconstitution of the Board was in line with the Securities Industries Act, 2016 (Act 929) as amended. Please find below the list of Board members:
NAME
POSITION
Dr. Yeboa Amoa
Chairman
Rev. Daniel Ogbarmey Tetteh
Executive Commissioner
Mrs. Deborah Mawuse Agyemfra
Executive Commissioner
Mr. Paul Ababio
Executive Commissioner
Mr. Sampson Akligoh
Ministry of Finance Rep (Commissioner)
Mrs. Elsie Addo Awadzi
Bank of Ghana Rep (Commissioner)
Mrs. Jemima Oware
Registrar General Rep (Commissioner)
Mr. Yaw Acheampong Boafo
General Legal Council Rep (Commissioner)
Prof. Joe Amoako-Tuffour
Academic Researcher (Commissioner)
Mr. Augustine Addo
Institute of Chartered Accountants Ghana Rep (Commissioner)
Ms. Deila Assimeh
Commissioner
Speaking at the inauguration ceremony, the Hon. Minister Ken Ofori-Atta acknowledged the significant progress chalked in the Ghanaian Financial Sector, despite the challenges encountered. He further noted key achievements attained in the Capital Market over the last few years including the significant growth reached in market capitalization of the GSE; the asset management industry clean up exercise which has helped to restore and rebuild investor confidence in the industry; the removal of Ghana from the Financial Action Task Force (FATF) grey list and the launch of the Capital Market Master Plan this year to provide the blueprint for the development of the Capital Market in Ghana, among others. He underscored the important role of the SEC to the future of Ghana’s economic transformation and to making it an attractive hub for investors. The Hon. Minister concluded his remarks by thanking members of the reconstituted Board for their commitment and urged them to deliver remarkable results on key initiatives to help transform the Ghanaian Capital Market.
Requests for further information can be made via info@sec.gov.gh , the toll-free line 0800100065 or the SEC website at www.sec.gov.gh .
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Issued by
SECURITIES AND EXCHANGE COMMISSION
DATED: 10 TH AUGUST 2021