The Chartered Financial Analyst (CFA) Society of Ghana was inaugurated on 31st October, 2019. The event brought together many dignitaries from the financial services industry, who have a core belief in doing business in an ethical and professional manner for the ultimate benefit of society.
The Society was officially launched by Gary Baker, CFA, managing director for Europe, Middle East and Africa at the CFA Institute; he was assisted by Sammya Mona Zamzam, society relations manager. Gary recounted how the CFA Institute started in 1937, when a group of analysts in New York came together with the motive to promoting ethics and professionalism in the investment profession. Since then, the CFA community has grown and currently has over 150,000 charterholders and ~300,000 candidates across the globe. He charged the Society in Ghana to push the agenda of ethics, professionalism and capital market development.
During his speech, the President of CFA Society Ghana, Clifford Mpare, CFA, outlined the objectives and goals of the Society. He stressed the commitment of the Society to advancing the investment profession. He charged the charterholders and professionals present to support the growth of Ghana's financial system by developing products that will boost the depth of the capital market and deliver stronger risk-adjusted return to the investment community. The Director General of the Securities and Exchange Commission, Rev. Ogbarmey Tetteh, commended the Society for its vision. He urged the entire CFA community to forge ahead with its mandate and contribute to the growth of Ghana's investment industry.
The CFA Society in Ghana aims to advance the investment community by promoting the highest level of ethical standards and professional excellence through thought leadership and the exchange of ideas. The Society, which had its first meeting in February, 2018, has held several programs that are targeted at improving ethical standards in the Ghanaian financial system. Early this year, the Society held an Investment Conference, which brought together about 400 practitioners from the financial market.
With its inauguration, CFA Society Ghana becomes the 2nd CFA Society in West Africa (the other is CFA Society Nigeria), the 5th in sub-Saharan Africa and the 158th Society globally. All CFA Societies across the globe join forces with the CFA Institute (the mother organization) to set and promote higher standards for the investment profession.
The CFA Institute manages the CFA examination and the CFA designation, the highest distinction in the investment management profession. CFA charterholders undergo a grueling 3-level exam before they can obtain the CFA charter. During the event yesterday, 12 charterholders were conferred with the CFA designation. This means they can add those three coveted letters (CFA) to their names. The awardees spanned varied professions in the financial sector, from consultants to audit managers, market risk specialists, traders and accountants.
Anastacia Catherine Arko, CFA