Regulatory Alerts2021-06-04
African Development Bank Group Supports Risk-based Supervision for Capital Markets
The African Development Bank Group and Ghana’s Securities and Exchange Commission launched a $400,000 grant-funded project to transition the nation’s capital market supervision from a compliance-based to a risk-based framework. The initiative will provide technical assistance and capacity building to regulators and the Ghana Stock Exchange while streamlining policy frameworks for pooled funds and introducing new financial instruments such as asset-backed securities. This regulatory modernization aims to deepen market liquidity, broaden investment products, and stimulate Ghana’s industrialization and private sector growth through a more efficient financial system.
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