The Securities and Exchange Commission (SEC) is pushing forward with plans to establish a regulatory framework for crypto assets in Ghana but remains cautious about committing to a specific timeline.
Rev. Daniel Ogbarmey Tetteh, Director of the SEC, revealed on Joy News’ PM Express Business Edition that while there is an urgency to regulate, the focus remains on getting it right.
“Wouldn’t want to commit to a time frame, but let me just tell you that personally, I am eager to quickly come out with a regulatory framework,” Rev. Tetteh said.
He acknowledged the increasing public interest and participation in crypto trading, saying, “When I got to know the number of Ghanaians dabbling in this space, I realized the need for urgency.”
Read also: SEC open to regulating crypto, but warns investors of current risks
Despite the urgency, Rev. Tetteh emphasised the need for diligence.
“I’m in a hurry to ensure we have it right, but as the saying goes, haste slowly,” he added.
The SEC has been working closely with the Bank of Ghana, which recently issued an exposure draft on the matter.
“Very soon, we will come out with a similar position,” he assured.
Rev. Tetteh expressed confidence that the SEC’s regulatory framework will be out “in good time.”
He reiterated that the objective is to create a regulatory environment that protects market integrity and investor interests, while not rushing the process.
Latest Stories
-
Kufuor Scholar champions Agricultural Innovation through Fidelity GreenTech Challenge
7 mins -
EPL: Isak scores at home again as Newcastle beat Arsenal
15 mins -
I’m proud that despite all the challenges, we have maintained Free SHS – Akufo Addo
4 hours -
Alan’s running mate, KOD says GRASP will revolutionize care for the Elderly in rural areas
4 hours -
Election 2024: Alan paints Accra yellow as the crowd marches through the capital with him
4 hours -
Vacant seats: Speaker has not done what would have led to greater peace – Kofi Bentil
4 hours -
Police on manhunt for Adabraka daylight robbers
4 hours -
Lordina Mahama presents medical supplies and equipment to Tishigu Health Center
4 hours -
Lordina Mahama urges Ghanaians to prioritise regular health screenings
4 hours -
EC to reassess decision on presidential ballot printing next week – Dr Bossman Asare
5 hours -
Shark attacks surfer, 61, on Hawaiian island of Maui
5 hours -
29 Nigerian children may be sentenced to death for protesting against cost-of-living crisis
5 hours -
Nigerian becomes first black woman to lead major political party in the UK
5 hours -
Perception issues affecting Supreme Court – Nii Armah Addy
6 hours -
Armed men bolt with cash at Adabraka market in dramatic daylight robbery
6 hours