Nat’l Tymes News Desk
GHANA’S stock market is experiencing a significant surge, reflecting renewed strength in the national economy under the leadership of John Dramani Mahama and the NDC administration.
The Deputy Director-General in charge of Finance, Mr. Mensah Thompson has revealed that the boom is largely driven by excess liquidity within the financial system. According to him, banks, trustees, and asset managers are currently holding substantial funds, much of which is now flowing into the stock market.
This trend underscores growing investor confidence and improved economic conditions, as more capital is directed toward equities and investment opportunities. However, regulators are keeping a close watch.
The Securities and Exchange Commission Ghana (SEC) has assured the public that it is actively monitoring market developments and will step in if necessary to maintain stability.
The Deputy Director-General also raised concerns about the rise of unlicensed individuals offering investment advice on social media platforms such as TikTok, Facebook, X, and Instagram.
He emphasized that under Ghana’s Securities Industry Act, Act 929, only licensed professionals are permitted to provide investment advice. Unauthorized commentary that influences investor decisions is considered an offense and could expose unsuspecting investors to financial losses.
The SEC is now collaborating with the Cyber Security Authority Ghana to identify and take action against offenders. Authorities are urging the public to rely only on licensed experts for financial guidance, as the government continues efforts to safeguard investors while sustaining the positive momentum in Ghana’s financial markets.
Source: Nationaltymes.com
