The Securities and Exchange Commission (SEC) has cautioned Ghanaians to be vigilant and desist from investing in unlicensed financial institutions in the country. It has in a recent release sighted by GhanaWeb noted that 17 companies were operating without a license in recent times. Among the 17 companies were; Yvonne Hanson Deals, …
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The Securities and Exchange Commission (SEC) has issued the first credit rating licence to an indigenous company in Ghana, which will allow for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. This will be a boost to development of the corporate bonds market, …
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The former Boss of the Tema Oil Refinery, Asante Berko has been found guilty by the Security and Exchange Commission in the USA for arranging millions of dollars in bribes to be paid to government officials in Ghana to help a client win a power plant contract. Asante Berko, a former executive …
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The Securities and Exchange Commission (SEC) has paid a total of GH¢1.76 billion (GH¢1,762,767,250.32) to investors who applied for both full and partial bailout programmes as of March 31, 2021. A total of 59,180 investors received the amount. It comprises GH¢994.5 million (GH¢994,502,710.52) paid to 52,264 investors under the …
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The Securities and Exchange Commission (SEC), has begun drafting a new guideline on third party and related transactions that will prevent misapplication and misappropriation of investment funds by fund management firms. The collapse of some management firms was attributed to a third party and related transactions. The deputy director …
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When the seven justices of the Supreme Court hearing the 2020 election petition sit today, February 25, 2021, one of the key issues they will consider is the contempt charges against former deputy Attorney General, Dr. Dominic Ayine. Ayine was on Monday slapped with the charge following comments he made which …
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The Securities and Exchange Commission (SEC) says Wiseling Online Investment Company, a Finnish-based company operating in Ghana, has not been licensed by it to carry out any Capital Market activity. This Capital Market activity including investing or trading for returns is mandated by Section 3 of the Securities Industry Act, …
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Just like starting a business is hard, maintaining, and ensuring due diligence can be quite tough when certain regularities are not strategically put in place. Thus the organized efforts and activities of individuals are essential to ensure the survival of an entity. Below are some major business fails in Ghana …
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The Securities and Exchange Commission (SEC) has on Tuesday, October 13 issued new capital requirements for market operators in the Ghanaian capital market industry. The new directive in accordance with Section 209 of the Securities Industry Act 2016, (Act 929) is in line with the Commission’s mandate of regulating and …
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The Securities and Exchange Commission (SEC), has assured customers whose funds have been locked-up in the 53 defunct fund management companies since November 2019, that the government bailout packages will not exclude them. In a statement issued on Wednesday, September 2, 2020, the SEC stated that its earlier statement which …
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