By Richard Kofi Boahen
The Paramount Chief of the Sunyani Traditional Area and President of the Sunyani Traditional Council, Odeefour Ogyeamansan Boahen Korkor II, has urged the Securities and Exchange Commission (SEC) to intensify its monitoring and enforcement efforts to clamp down on Ponzi schemes and unlicensed investment operators to protect unsuspecting investors.
He said regulatory interventions must be proactive rather than reactive to prevent financial losses and restore public confidence in Ghana’s investment sector.
Odeefour Ogyeamansan Boahen Korkor II made the call on Thursday, October 15, 2026, when he chaired the 2026 Time with SEC programme at the Kwasi Nsiah-Gyabaa Auditorium of Sunyani Technical University (STU).
The programme brought together the Bono Regional Minister, Joseph Addae Akwaboa; the Director-General of the SEC, Dr James Klutse Avedzi; heads of corporate institutions; representatives of security agencies; and members of the general public.
In his opening remarks, the Sunyanimanhene expressed appreciation to the SEC for the honour of chairing the programme and welcomed participants to Sunyani, the regional capital of Bono.
He commended the Commission’s management for extending the “Time with SEC” initiative to the region, describing it as an important opportunity to deepen public understanding of investment regulation and promote responsible investment practices.
He also underscored the relevance of the theme, “Building Financial Confidence for a Brighter Tomorrow,” noting that public confidence was fundamental to the growth and development of Ghana’s investment sector.
Addressing concerns about public trust in investment schemes, the traditional ruler observed that the collapse of several investment schemes and companies, including DKM, God Is Love, JASPA Motors, Menzgold and Pyramid, had fuelled fear and scepticism among many Ghanaians about investing their money.
He urged the SEC to strengthen its surveillance and enforcement mechanisms to identify suspicious investment operations early and take appropriate action against operators who flout regulatory requirements.
According to him, timely regulatory intervention would help prevent fraudulent schemes from attracting more unsuspecting investors and reduce the financial losses associated with investment scams.
The Sunyanimanhene further called on the Commission to prioritise investor protection whenever an investment company’s licence was revoked for regulatory breaches.
He advocated appropriate measures to facilitate the recovery and return of investors’ funds, to the extent possible under applicable laws and recovery procedures, to minimise the financial and emotional hardship suffered by affected individuals.
Odeefour Ogyeamansan Boahen Korkor II also urged the SEC to simplify access to information on licensed investment companies to enable ordinary Ghanaians to verify the regulatory status of operators before committing their money.
He said making reliable licensing information readily accessible would empower the public to make informed financial decisions and help prevent people from falling victim to fraudulent investment schemes.
He expressed confidence that stronger regulatory enforcement, improved investor protection and accessible licence-verification systems would help rebuild public trust in Ghana’s investment sector and encourage responsible investment.
The Time with SEC programme provides a platform for public engagement on investment regulation, investor education and the importance of making informed financial decisions.
