Daily Archives - November 23, 2021
23Nov

Directors of defunct FMCs to be disqualified from operating in capital market – SEC D-G

The Securities Exchange Commission (SEC) has initiated a process to disqualify directors of the fifty-three defunct Fund Management Companies (FMCs) from operating in the capital market. SEC in 2019 revoked the licenses of 53 FMCs for regulatory breaches such as failing to return the funds of clients when they fall due. Reverend Daniel Ogbarmey Tetteh, Director-General (D-G) of SEC, disclosed this...

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23Nov

Government’s e-levy policy ill-timed – Telecoms chamber

The Chief Executive Officer of the Ghana Chamber of Telecommunications, Ken Ashigbey, has said that the introduction of the 1.75% levy on electronic financial transactions is ill-timed. He said the chamber was not consulted by the government on the proposal before the announcement was made in Parliament on Wednesday, November 17, 2021. “When we got this information, it was surprising because...

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