Regulatory Alerts2019-09-16
Speech by Rev. Daniel Ogbarmey Tetteh on Standardization and Supervision in Ghana's Financial Sector
Rev. Daniel Ogbarmey Tetteh, Director-General of the Securities and Exchange Commission, delivered a speech analyzing the historical evolution and current regulatory architecture of Ghana's four financial sectors. He highlighted the systemic risks arising from sector inter-connectivity, evidenced by the recent banking crisis, and debated the merits of adopting a unified Twin Peak regulatory model versus maintaining separate agencies. The SEC emphasized ongoing reforms including risk-based supervision, enhanced capital requirements, and increased regulatory cooperation to strengthen market integrity and support long-term economic development.
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