Nigeria, Ghana to promote efficiency in regulatory oversight

The Securities and Exchange Commission Nigeria has pledged to work with her Ghanaian counterpart to achieve desired results.

This will enable them nurture market innovation and fair competition as well as to promote efficiency in regulatory oversight within the West African sub region.

Director General of the Securities and Exchange Commission Mr. Lamido Yuguda stated this during a meeting with a delegation from the Ghana Securities and Exchange Commission in Abuja, Wednesday.

Yuguda who was represented by the Executive Commissioner Corporate Services Mr. Ibrahim Boyo said the SEC Nigeria signed a Securities-Regulation-MOU with SEC Ghana in Accra on August 27, 2003 to foster co-operation and ensure orderly, fair and transparent financial markets across our jurisdictions.

Responding, DG SEC Ghana Rev. Daniel Ogbarmey Tetteh said his organisation has been leveraging on the MoU which it signed with Nigeria few years ago to develop the capital market in Ghana.

He said, “We remain committed as we work together to boost our capital markets and push for our integration of the capital market in the sub-region.