By Michael Foli Jackidy
Ho (V/R), July 18, GNA – Dr. James Klutse Avedzi, the Acting Director-General of the Securities and Exchange Commission (SEC), has emphasized the Commission's dedication to financial empowerment, safeguarding investors, and fostering a just and open capital market.
At an investor education forum held in Ho on Thursday, Dr. Avedzi stated that the SEC, created under the Securities Industry Act, 2016 (Act 929), was set up to oversee and support Ghana's securities sector, with a specific goal of fostering a market that is efficient, equitable, and open, while safeguarding investors and maintaining the system's credibility.
Dr. Avedzi mentioned that the Commission's countrywide investor education program, called "Time with the SEC," sought to close the information gap among investors and safeguard them from deceptive practices.
A knowledgeable investor is a secure investor," he stated. "When individuals comprehend the market, have access to authorized products and reliable information, they can build wealth, establish employment opportunities, and support Ghana's economic development.
He cautioned about the growing risk of uncontrolled and deceptive financial schemes, which have recently ruined the finances of numerous Ghanaians.
He mentioned that the SEC is enhancing its monitoring systems and establishing an investor protection fund to restore trust and assurance in the market.
Dr. Avedzi also highlighted SEC Ghana's international perspective, mentioning its participation in the International Organization of Securities Commissions (IOSCO) and the West Africa Securities Regulators Association (WASRA).
These partnerships help guarantee that Ghana's financial market complies with global regulatory requirements and appeals to both domestic and foreign investors.
The gathering provided useful information on saving money, managing personal finances, and investing wisely.
Participants received training on authentic investment options, such as collective investment schemes, bonds, and mutual funds, as well as methods for recognizing and reporting unusual behavior.
"Be wary of investments that offer returns that appear too exceptional to be real," warned Dr. Avedzi.
Ensure you confirm the authenticity of the investment and check the licensing details of the operator with the SEC.
The Volta Regional Minister, Mr. James Gunu, showed satisfaction with the conference, noting that it was well-timed and closely matched the Volta Economic Corridor, an essential part of the newly introduced 24-hour economy initiative led by President John Dramani Mahama.
"The Volta Economic Corridor is an innovative industrial initiative designed to transform the Volta River Basin into a key economic, transportation, and manufacturing center. It will include agro-ecological parks, industrial areas, and internal transport networks to support affordable north-south trade," he stated.
Mr. Gunu highlighted that the SEC's role in fostering openness and investor trust was essential for the achievement of these economic projects.
He commended the SEC's present leadership for clarifying the Commission's activities and making them more accessible to the public.
Nevertheless, he expressed regret over previous shortcomings in regulatory supervision that resulted in the downfall of investment banks and the loss of public confidence.
He urged financial regulators to reconsider their previous roles and implement proactive measures to safeguard the investments of Ghanaians moving forward.
The gathering assembled a wide range of participants, such as customary authorities, Municipal and District Head Officials, non-governmental organizations, law enforcement bodies, artisan communities, youth groups, students, and other notable figures.
Several departmental leaders from the SEC conducted sessions that centered on saving behaviors, investment strategies, risk recognition, and identifying fraudulent schemes, enabling attendees to depart with actionable resources for achieving financial prosperity.
"We are here to offer the resources, the expertise, and the supervision to assist you in making well-informed financial choices," Dr. Avedzi stated.
The conference was a component of a nationwide initiative by the SEC aimed at establishing a strong, diverse, and investor-oriented financial market.
GNA
Edited by: Maxwell Awumah/Christian Akorlie
Provided by SyndiGate Media Inc. (
Syndigate.info).
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