As part of efforts to demystify securities and sustain investor education, the Securities and Exchange Commission (SEC) has held a public engagement, dubbed Time with SEC in the Western Regional capital, Sekondi Takoradi.
It was on the theme, “Understanding the Role of SEC in the Capital Market.”
Owing to the recent economic crunch, which had many financial institutions losing their licences due to liquidity shortfalls and investors losing their funds, the Commission said, it considers it noteworthy to educate the public on investments, bailout updates, locked funds, and the role of the SEC in the capital market.
Speaking at the event, the Director-General of the Commission, Reverend Daniel Ogbarmey Tetteh, indicated that the level of investor awareness and knowledge of the securities industry was unfortunately low.
The event, he said, was one of many initiatives beyond the clean-up exercise it undertook to sanitise the securities industry, “to keep the investment public informed and aware of the securities industry and the opportunities it offers.”
The Western Regional Minister, Kwabena Okyere Darko Mensah was elated by the decision of SEC to organise the programme in the region, indicating it was a sure way of drawing the public’s attention to certified investment avenues other than falling prey to bad investment products.
He further stated that SEC’s initiative was aligned with the business direction of the Western Region, and said, it would be proper to have an office of SEC in the region.
“We should be able to have a financial services sector based in the Western Region, that can be an alternative to what happens in Accra, therefore we would believe that in the next to two to three years the SEC would be able to set up an office that can take decisions here in the Western Region,” he said.
The event was chaired by the Omanhen of Esikado, Nana Kobena Nketsiah, and attracted a number of participants, including those in the financial sector, civil servants, clergy, business people and those who had frets about their locked-up funds.
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