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Regent-Maastricht MBA Class Meets Director-General of Securities and Exchange Commission

The Regent-Maastricht MBA class had their second Practitioners’ Forum when the Director General of the Securities Exchange Commission of Ghana (SEC), Mr Adu Anane Antwi, took his turn to take the students through the activities of his organization. The forum took place on Tuesday, November 29, 2011. The topic of discussion was “the Role of the Securities and Exchange Commission (SEC) in deepening the financial market in Ghana.”


The objective of the Regent-MSM MBA Practitioners Forum is to facilitate dialogue between Academia (theory of business management) and the practical challenges of Ghanaian business practitioners, and to engender the utilization of these challenges as research material for the business student.

According to Mr. Antwi, SEC was established in 1993 by the Securities Industry Act, 1993 (PNDCL 333) and amended by the Securities Industry Amendment Act, 2000. It is an independent entity whose functions, among others are to:

  • advise the Minister of Finance on all matters relating to the securities industry;
  • maintain surveillance over activities in securities to ensure fair, orderly and equitable dealings in securities; and
  • register, license, authorize or regulate stock exchanges, unit costs, mutual funds, securities dealers, investment advisors, and their representatives and to control and supervise their activities with a view to maintaining proper standards of conduct and acceptable practices in the securities business.

Mr Anane Antwi asserted that the Commission is focused on supporting market operators to introduce new products on the market. In this respect, the Commission has already approved rules for the introduction of Exchange Traded Funds (ETFs) on the Ghana Stock Exchange. The first ETF is expected to be launched soon. The Commission is also currently developing guidelines for the Real Estate Investment Trusts (REITs) which will link the capital market to the real estate sector of the country. This will provide an opportunity for entrepreneurs and investors to provide real estate services in the country to help reduce the housing deficit, provide employment and improve economic growth.

  The MBA students were happy with the interaction they had with the speaker. Most of them understood why their investments were not bringing desired results and also got advice on the changes they needed to make. Mr. Patrick Tetteh, one of the students said, “I am very happy I attended the forum, I have understood the issues around my own investment I made, and will feed in the knowledge gained today in my financial planning.