Tag Archives: SEC

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, …

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 …

  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 …

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, …

A lot goes into making financial decisions. From which financial institution is credible, to the interest rate an individual or an investor will earn aside from the principal invested. But the most important thing is how credible that financial institution is. Before taking a step to invest, you have to …

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 …

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 …

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 …

The Securities and Exchange Commission of the United States of America charged a former banker at a subsidiary of a U.S. bank for arranging at least $2.5 million in bribes to be paid to Ghana government officials to gain approval for a client’s power plant project. A statement released on …

The Securities and Exchange Commission (SEC) will begin accepting relevant documents for the validation of investment claims on November 18, 2019, following the revocation of the licenses of 53 Fund Management Companies. In a statement, the SEC said designated branches of Consolidated Bank of Ghana Limited (CBG) will open to …