The Securities and Exchange Commission (SEC) has denied media reports suggesting the closure of some micro finance institutions in the country.
A tall list of companies circulating on social suggests the companies have been earmarked for closure by the SEC and the information alleged had come from its website.
But in a rebuttal, the SEC said the information was fake and should be disregarded by the generality of the Ghanaian people.
‘’The firms listed in the said publication have either unresolved complaints or regulatory issues. The SEC has already put out an official public notice to this effect and a copy is still on its website. When the SEC decides to proceed further with any other action, the SEC shall communicate same in accordance with section 208 via its official media communication channels listed above’’ a statement on the SEC website explained.
Read the full statement below.
SECURITIES AND EXCHANGE COMMISSION The SEC has picked up a Social media message communicating the imminent closure of some capital market operators by the SEC. The SEC wishes to respond formally as follows: “The SEC is mandated under its establishment law, specifically section 208 of the Securities Industry Act, 2016 (Act 929) to provide information on its activities that it considers relevant and in the interest of the general and investing public.
The SEC has official media communication channels through which such communication is disseminated. The general and investing public are advised to ignore all communication attributed to the SEC that do not emanate from any of its official media communication channels.
The official media communication channels of the SEC are as follows: Public Notices by order of the SEC Directives by order of the SEC Circulars by order of the SEC Twitter: @SECGhana Facebook: secghana YouTube: securities and exchange commission ghana For the avoidance of doubt, the said social media communication/publication does not emanate from the SEC and same should be ignored.
The firms listed in the said publication have either unresolved complaints or regulatory issues. The SEC has already put out an official public notice to this effect and a copy is still on its website. When the SEC decides to proceed further with any other action, the SEC shall communicate same in accordance with section 208 via its official media communication channels listed above.
Members of the general public are advised to disregard such wild social media speculations and contact the SEC via firstname.lastname@example.org or on its toll free number: 0800-100-065 or its main line: 0302768970-2 for any further clarification required”. ISSUED BY ORDER OF THE SECURITIES AND EXCHANGE COMMISSION OF GHANA
DATED THE 26th April, 2019