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The financial markets in Ghana are regulated by the local Securities and Exchange Commission (SEC), which has a prime objective to regulate and promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.
SEC supervises all relevant activities to ensure orderly, fair and equitable dealings in securities and also has the obligation to register, license, authorize or regulate, the establishment of securities exchanges, commodities and futures exchanges, securities depositories, clearing and settlement institutions, credit rating agencies, fund managers, investment advisers, unit trusts, mutual funds, hedge funds, private equity funds, venture capital funds, nominees, underwriters, issuing houses, registrars, custodians, trustees, primary dealers, broker-dealers the mode of conduct of securities businesses, issues concerning Accounts and Audits, the establishment of fidelity funds and trading in securities.
On the other hand all commercial bank in the country are supervised by Bank of Ghana – the central bank, which is also responsible for the monetary policy and price stability.
None of the two institutions, however is directly responsible for the emerging retail forex and CFD market in the country, so our best advise if you are in Ghana and wish to trade, is to open an account with a broker, regulated by a well respected financial watchdogs such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
Apart from popular credit cards like VISA and MasterCard in Ghana you may use online payment systems like Myghpay, Ipay, MyGate, GTPay and Inter Pay.