The Securities and Exchange Commission (SEC) has unveiled a new 10-year capital market ‘Masterplan’.
The plan is aimed at diversifying the capital market as well as boosting economic growth, according to SEC.
Deputy Director General of the Commission, Mr Paul Ababio speaking during the unveiling in Accra on Monday said “We want to have additional products as part of our mandate at the Securities and Exchange Commission. We have to build capacity, deepen it and develop it as part of the plan. And we are certain that the medium term will be a good period for us”.
For his part, finance minister Ken Ofori Atta said ” The launch and implementation of the Masterplan initiatives have come very timely and it’s very critical to the recovery of the economy especially under the Ghana CARES Obaatampa programme”
“Undeniably, these initiatives will position Ghana’s capital market as a ready access to cheaper finance option to businesses, boosting production and services and making businesses more productive. The ripple effect on the creation of more jobs, higher standards of living, increase in savings and investments and poverty reduction cannot be overemphasized,” he said.