
Audio By Carbonatix
Ghana's capital market would lose the opportunity to exchange information with other markets across the globe if the country's new Securities Industry Law is not passed by December this year.The Securities and Exchange Commission, SEC last year concluded the review of the law to bring it into conformity with international laws.The new laws are currently waiting cabinet approval before forwarded to parliament for consideration.The Director General of Securities and Exchange Commission, Adu Anane-Antwi tells Joy Business the country cannot afford any more delays.The Securities and Exchange Commission is currently a member of the International Organization of Securities Commission, IOSCO. The membership obliges SEC to formulate and implement laws that meet international standards and also friendly to persons who have investments in the country’s capital market.The deadline for countries to implement the laws is 20 December, 2012 - failure which the international ranking of the SEC would not be upgraded to the highest standing.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Oil prices gain as focus shifts to supply recovery and demand
3 hours -
Israeli police officer filmed throwing stun grenade into car in West Bank
3 hours -
Charlie Kirk’s family attends hearing for suspect charged with his murder
3 hours -
Frenchman convicted of 2020 murder of wife confesses from jail
3 hours -
Prince Harry begins his UK visit with court verdict
3 hours -
AI chip boom lifts Samsung profits by 1,800%
3 hours -
India orders Meta to remove ads promoting child sexual abuse
4 hours -
Amazon bars breastfeeding boss from business course
4 hours -
Brentford set to sign Wilson after West Ham exit
4 hours -
Neymar says Brazil career over after Norway defeat
4 hours -
PM Keir Starmer intervened in row over Mexico-England kick-off time
4 hours -
Tottenham seal £100m move for Newcastle’s Tonali
4 hours -
Kofi Adams rejects claims of external interference in Black Stars player selections
4 hours -
FA considering appeal after Quansah red card
5 hours -
Subtitute Merino scores late winner as Spain knock put Portugal
5 hours