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SEC extends moratorium on issuance of new Fund Management licences

March 26, 2021 The Securities and Exchange Commission (SEC) has extended the moratorium on issuing new Fund Management licences for a further period of six months. This is pursuant to section 3(i)(m) and...

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March 26, 2021 / Comments (0)

Government seeks $5.5 billion to settle remaining clients of defunct FMCs

March 15, 2021 The government is seeking the approval of US$5.5 billion to complete payment of the bailout packages to the remaining customers of defunct fund management companies who are yet to be...

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March 15, 2021 / Comments (0)

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)