CFA Society Ghana held a strategic regulatory engagement with the Securities and Exchange Commission (SEC), led by Mr Mensah Thompson, Deputy Director-General (Finance), and his team. The meeting focused on deepening collaboration to strengthen governance, enhance market transparency, and promote ethical standards across Ghana’s investment management industry.
A key outcome of the discussions was a mutual agreement on the need to streamline and enforce standardised Mark-to-Market valuation practices across the industry. This initiative is critical to ensuring that the valuation of investment assets and portfolios accurately reflects prevailing market conditions. Standardisation will enhance transparency, improve comparability, and reduce systemic vulnerabilities, particularly for collective investment schemes where consistent valuation practices are essential for investor protection.
CFA Society Ghana reaffirmed its commitment to supporting SEC’s market development efforts, including efforts to encourage broader adoption of the CFA Institute Asset Manager Code (AMC) among industry participants. The Code serves as a globally recognised benchmark for ethical asset management practices, with a strong focus on fiduciary duty, rigorous investment processes, and robust compliance frameworks. Its adoption would further elevate trust, accountability, and professionalism within Ghana’s fund management landscape.
The meeting also revisited the importance of promoting the Global Investment Performance Standards (GIPS), a globally endorsed set of ethical principles developed by the CFA Institute to ensure fair representation, full disclosure, and consistency in reporting investment performance. Strengthening GIPS awareness and adoption in Ghana would align local market practices more closely with international standards and support the industry’s long-term credibility.
Both the SEC and CFA Society Ghana agreed that this engagement marks an important step toward ongoing collaboration. The Society looks forward to continued dialogue with the Commission as both institutions work together to build an ethical, efficient, and investor-focused capital market that supports Ghana’s sustainable economic growth.
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