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Stock brokers and capital market analysts would soon have the opportunity to upgrade their capacities at a world class local investment institute.According to a capital market regulator, the Securities and Exchange Commission (SEC), the institute would be structured like professional bodies such as the Charted Institute of Bankers, Insurers and Accountants.The SEC, as a result, has been engaging players in the industry for their inputs.
In an interview with Joy Business, the acting Head of the Research and Market Development at the Commission, Robert Dowuona Owoo, said the institution would also offer Continuous Professional Education (CPE) to practitioners.He said it has been the aim of SEC to ensure that players get abreast with changes or trends within the capital market on regular basis."We believe that if we are able to get this institute up and running, it will be the home for all securities industry practitioners and to those who may not even want to work within the industry, but want to understand these businesses of securities to go through the institute. This will be a very good opportunity for them," he said.In a related development, one of the industry players who welcomed the establishment of the institute commended the initiative, saying it would make practitioners more recognized, even at the international level.“It is a good idea for a start as Ghanaians will have something to write which will be internationally recognized,” but wondered, “My only problem is that I think it is not internal enough, it is more concentrated on the UK and Gulf areas but what of the US, what of other countries that are not accepting this kind of method?”Another person also suggested that the ownership structure of the institute has to include not only persons within the security and exchange commission, but other industry players.Story by Benedicta Anane/myjoyonline.com/Ghana
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