Nat’l Tymes News Desk
THE DEPUTY Director-General of the Securities and Exchange Commission (SEC) in charge of Finance, Mr. Mensah Thompson, says the Commission is taking steps to make the stock market easier for young Ghanaians to access so they choose investment over sports betting.
He explained that Ghana’s capital market still suffers from low visibility and limited public access. To improve this, the SEC is developing a new digital platform called the Central Securities Access and Monitoring System.
The project is currently at the scoping stage, but once completed, it will allow Ghanaians to easily view market information and access the Ghana Stock Exchange, while still trading and settling transactions through licensed brokers.
Mr. Thompson stressed that the initiative will modernise—not replace—the current system. “It is simply an automation of the existing process. Nothing will be disrupted,” he assured.
He added that the Commission also wants to encourage better financial habits among the youth. With many young Ghanaians spending large portions of their income on sports betting, he believes the new system can help direct more money into long-term investment.
“Our target is to redirect at least 60% of the disposable income that young people spend on betting into the stock market, where they can build sustainable livelihoods — not through games of chance,” he said.
Source: Nationaltymes.com
