The newly appointed Director-Basic of the Securities and Alternate Fee (SEC), James Klutse Avedzi, has defended his suitability for the position.
The Ketu North legislator cited his twenty years of expertise in Parliament, together with 16 years on finance-related committees, as a key asset to Ghana’s capital market.
Talking on Pleasure Information’ PM Specific Enterprise Version on Thursday, March 27, Mr Avedzi expressed confidence in President Akufo-Addo’s resolution to nominate him.
He emphasised that his skilled background and legislative expertise make him the correct individual for the job.
“The President may be very proper. I’m an accountant by career. I’ve additionally been in Parliament for 20 years, the place I served on a lot of committees, together with the Finance Committee and the Public Accounts Committee. I chaired these committees for eight years every, making it 16 years in whole.”
James Avedzi highlighted the flexibility of accountants and their capability to adapt to varied fields, reinforcing why his experience aligns with the calls for of the SEC.
“Accountants are versatile. We will work and match properly in any setting we discover ourselves in. And for the truth that when the invoice—the act that governs this establishment—was being handed in 2016, I used to be the chair of the Finance Committee.
“So the President was proper in placing me right here. He felt that I might be an asset to the capital market, purposely for the expansion and improvement of this nation.”
Reflecting on his appointment, Mr Avedzi revealed that he embraced the chance with enthusiasm, seeing it as a continuation of his service to Ghana’s monetary sector.
“When the President instructed me that he’s sending me to the Securities and Alternate Fee of Ghana, I gladly accepted and thanked him for recognising me on this specific sector.”
He acknowledged that the SEC stays comparatively obscure to most people, with many Ghanaians unfamiliar with its position in regulating the nation’s monetary markets.
“It’s a sector that isn’t well-known or within the public eye, so individuals don’t know a lot about it. When individuals hear the title ‘securities,’ some assume it’s in regards to the police, the army, or one thing else. But it surely’s a very completely different space, which we will certainly delve into.”
James Klutse Avedzi assured the general public of his dedication to strengthening Ghana’s capital market and fostering better consciousness in regards to the position of the SEC.
He reiterated that his expertise in parliamentary finance oversight and coverage improvement locations him in a singular place to drive development and investor confidence within the sector.
“It was a great feeling after I obtained my appointment. Let me put it that method,” he added.
His remarks come at a important time when Ghana’s monetary sector is looking for stability and enhanced regulatory oversight.
Along with his in depth background in finance and public service, Mr Avedzi believes his management will contribute considerably to the event of the nation’s capital market.
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