Business News of Friday, 28 March 2025

Source: www.ghanaweb.com

'President Mahama knows my experience will benefit the capital market' – Klutse Avedzi

Director-General of the Securities and Exchange Commission (SEC), James Klutse Avedzi Director-General of the Securities and Exchange Commission (SEC), James Klutse Avedzi

The newly appointed Director-General of the Securities and Exchange Commission (SEC), James Klutse Avedzi, has defended his suitability for the role, citing his extensive experience in Parliament and finance-related committees as key assets to Ghana’s capital market.

In an interview with Accra-based Joy News, monitored by GhanaWeb Business, Avedzi expressed confidence in John Mahama’s decision to appoint him, emphasizing that his professional background and legislative experience make him the right person for the job.

“The President is absolutely right. I am an accountant by profession and have served in Parliament for 20 years. During that time, I was a member of several committees, including the Finance Committee and the Public Accounts Committee, which I chaired for eight years each, totaling 16 years,” Avedzi said on March 27, 2025.

He highlighted the versatility of accountants and their ability to adapt to various fields, reinforcing why his expertise aligns with the demands of the SEC.

“The President made the right decision in appointing me. He believes I will be an asset to the capital market, contributing to the country’s growth and development,” he added.

Reflecting on his new role, he expressed enthusiasm, viewing it as an extension of his service to Ghana’s financial sector.

He acknowledged that the SEC remains relatively obscure to the public, with many Ghanaians unfamiliar with its role in regulating the country’s financial markets.

“It is a sector that is not widely known or in the public eye. When people hear ‘securities,’ some assume it relates to the police or military. But it’s an entirely different field, and we will work to educate the public about it,” the former lawmaker noted.

James Klutse Avedzi assured the public of his commitment to strengthening Ghana’s capital market and raising awareness about the SEC’s role.

SP/MA

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