![SEC 5-Year Strategic Plan To Strengthen Securities Market](https://dailyguidenetwork.com/wp-content/uploads/2023/12/SEC-620x406.jpg)
Ken Ofori-Atta (middle) with Daniel Ogbamey-Tetteh right and Dr. Yeboa Amoa SEC Board Chair (left)
The Securities and Exchange Commission (SEC) has launched a five-year strategic plan aimed at strengthening the regulator’s activities in the market.
The strategy launched by the Minister for Finance, Ken Ofori-Atta, at the Capital Market conference as part of the 25th anniversary consist five main goals and 60 initiatives.
The strategy, which forms part of the 10-year capital market master plan (CMMP) is also expected to deepen and expand markets, enhance market awareness and education, build the capacity and capability of SEC, strengthen market infrastructure, and develop a robust legal and regulatory framework.
Mr. Ofori-Atta in his remarks praised SEC for empowering broad-based prosperity through capital allocation – stating that a transparent, well-regulated financial sector is indispensable for economic expansion, job creation and citizens’ overall welfare.
Despite acknowledging how serious the recent economic constraints have been, Mr. Ofori-Atta expressed optimism regarding the economy’s growth trajectory.
“Our macroeconomic indicators point to a new beginning – with rebounding growth, exchange rate stability restoring confidence, and declining interest rates,” he noted.
SEC Director-General, Daniel Ogbamey-Tetteh said, “Today’s rapidly shifting financial terrain brings unique trials. Our markets must innovate, develop more versatile investment products and, ultimately, prove more robust in the face of adversity,” SEC’s chief explained.
He indicated that pivotal to the agenda is augmenting institutional capacity, embracing next-generation technology and incorporating sustainable finance principles.
“We are adopting cutting-edge RegTech and SupTech solutions to support financial innovation while safeguarding market integrity, and we recognise the critical role sustainability now plays in shaping the capital market’s future,” Ogbamey-Tetteh added.
The SEC boss said its emphasis on sustainability aligns with intensifying global urgency around ethical, accountable investment practices.
“By collaborating with other regulators to incorporate ESG standards across Ghana’s financial ecosystem, we aim to cultivate an environment where in such values flourish.
From large-scale educational campaigns to grassroots programmes, we strive at empowering all Ghanaians to fully leverage our capital market,” Mr. Ogbamey-Tetteh explained.
By Jamila Akweley Okertchiri
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