End of the road for eight fund managers as official liquidator gazettes them

November 24, 2020 The Official Liquidator (OL) has gazetted eight additional fund management companies (FMCs) out of the 54 whose licenses the Securities and Exchange Commission (SEC) revoked. Two more...

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November 24, 2020 / Comments (0)

Gov’t authorises partial payment to remaining customers of collapsed Fund Management Companies

November 18, 2020 Government has authorised a partial payment of up to GHS50,000 to all customers of the remaining collapsed Fund Management Companies whose monies were locked up. This follows an earlier...

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November 18, 2020 / Comments (0)

Fund managers losing clients to banks – KPMG report

November 3, 2020 Depositors prefer to invest their monies with banks than with fund management companies due to renewed high confidence in the former following a general reform carried out by the Bank of...

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November 3, 2020 / Comments (0)

SEC increases capital requirement for market operators to GHS2M

October 13, 2020 As part of efforts to sanitize and strengthen the capital market, the Securities and Exchange Commission, SEC, has set a new capital requirement for market operators in the Ghanaian Capital...

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October 13, 2020 / Comments (0)

Registrar General begins payment to investors of collapsed FMCs

October 12, 2020 The official liquidator of the 53 defunct fund management companies, Jemima Oware, has stated that payment of bailout funds for the first batch of investors of the companies,...

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October 12, 2020 / Comments (0)

BoG hints of recapitalisation –Savings & loans, others targeted

August 12, 2020 DEPOSIT taking institutions could be in for another round of capital injection after the unfolding shock from the novel Coronavirus (COVID-19) pandemic promises to erode their capitals and...

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August 12, 2020 / Comments (0)

Ex-staff of savings and loans companies to be paid outstanding salaries, related claims

July 13, 2020 Government is set to pay the outstanding salaries as well as negotiated and exit packages of former employees of the defunct 347 microfinance companies and 23 savings and loans companies....

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July 13, 2020 / Comments (0)

SEC to introduce crowd funding in Ghana

July 7, 2020 The Securities and Exchange Commission is far advanced with its plans to introduce crowd funding in Ghana. The capital markets regulatory institution expects to have established a framework...

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July 7, 2020 / Comments (0)

SEC in talks with MoF to secure comprehensive solution in paying defunct investment banks’ clients

June 15, 2020 The Securities and Exchange Commission (SEC) is in talks with the Ministry of Finance to secure a comprehensive solution for customers of the defunct investment banks who have their monies...

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June 15, 2020 / Comments (0)

SEC to restore licenses of some ‘collapsed’ Fund Management Companies soon

June 10, 2020 The Securities and Exchange Commission (SEC) has said it will in the coming days restore the licenses of some fund management companies whose licenses were revoked in 2019. This was...

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June 10, 2020 / Comments (0)