Political matters

Zenith Bank stops operations in Securities and Capital Market

The Securities and Exchange Commission (SEC) has told the general and investing public that Zenith Bank Ghana Limited, a licensed Trustee that engaged in Trustee activities in the securities industry and capital market, has voluntarily requested to cease operations.

SEC said it has, after a thorough assessment of the circumstances, approved the voluntary cessation of business of Zenith Bank Ghana Limited as a licensed Trustee.

Zenith Bank Ghana Limited. is no longer mandated to carry out any Trustee activities within the securities industry.

“All investors, market operators and the general and investing public are hereby assured that the SEC is committed to ensuring rigorous enforcement of all the rules for operators in the capital market in order to promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected,” a statement issued by SEC on Wednesday, January 18 said.

This comes at a time the Government’s debt exchange programme has met major rejection from individual bondholders.

By Laud Nartey|3news.com|Ghana

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