According to the Securities and Exchange Commission's (SEC) Director General, Rev. Daniel Ogbarmey Tetteh, the agency is starting a digitalization effort to improve its capital market monitoring function. He called it the "Interim Regulatory Compliance Portal" (IRCP), and it would let market operators electronically file returns.
Rev. Tetteh stated during the Black Star Group's annual webinar series on July 26, 2022, dubbed "2022 Investor Webinar Series," that the long-term goal was to use the regulatory compliance portal (RCP), as is done in other markets, to access market operators' systems and collect information at various times. The Future Starts Today: Effective Recovery, Resilience and Continuity Amid Global Market Shocks was the focus of this year's webinar.
"We may still somewhat modify or whitewash information that we supply, whether it is submitted online or not. As a result, he added, "we are looking at the possibility of being able to access systems and choose information.
Rev. Tetteh acknowledged that this may have some ramifications for the competency and capacity of the technology implemented during his talk on "Restoring Investor Confidence in the Ghanaian Economy - The Role of SEC."
But because we are currently digitising our business and considering putting the IRCP into place, we are considering all of our choices. "We now have an interim solution, but we're moving forward with the core RCP, or how we can enter and get information. Both the SEC and the market operators and I are looking at ways to tighten our market surveillance, he added.
Public Instruction
He said that last year, the SEC held a roadshow in Takoradi, in the Western Region, as part of the SEC's programme "Time with the SEC." This year, there are plans to at least host it in regional capitals in order to reach out to various segments of the investing public and educate them on the financial sector clean-up.
In addition, we are considering opening other regional offices as SEC now only has a presence in Accra. We intend to at the very least set up two more. I'm not saying we'll be in every regional capital, but we are considering opening some regional offices to reach a larger audience, he added.
Webinar
Speaking on the topic of "The Contribution of Pension Funds in Developing and Sustaining a Robust Financial System," Nana Wiafe Boamah, Chief Investment Officer of Axis Pensions Trust, noted that studies have shown that pension funds have a significant impact on the development of capital markets, with the outcome being driven by nations with high financial development.
He claimed that pension funds have little influence on nations with little financial progress. The influence of a pension fund will be insufficient if the financial system is weak. Pension funds will not have the necessary impact on the economy if your macros are weak.
He claims that due to the high bar pension funds must clear in order to make an investment, the nation may not see much momentum in this area of direct investing.
Broker dealers should be more aggressive in their stock pitches, according to Mr. Boamah, while trustees and fund managers strictly adhere to the new investing guidelines.
He suggested that the Ghana Stock Exchange and regulators implement measures to increase market breadth, depth, and liquidity on the exchange.
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According to the Securities and Exchange Commission's (SEC) Director General, Rev. Daniel Ogbarmey Tetteh, the agency is starting a digitalization effort to improve its capital market monitoring function. 
