The Securities and Exchange Commission(‘the Commission’) is established by the Securities Industry Act, 2016(Act 929)(‘the Act’) with the object to regulate and promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected. The Securities and Exchange Commission was formally set up in September 1998 as an independent regulator of the capital market in Ghana.It became the Securities and Exchange Commission by an act of Parliament, Securities Industry Amendment Act, 2000(Act 590).
In recognition of the need for reforms to ensure a universal pension scheme for all employees in the country, and to further address concerns of Ghanaian workers, the Government in July 2004 initiated a major reform of the Pension System in Ghana. The process started with the establishment of a Presidential Commission on Pensions under the chairmanship of Mr. T. A. Bediako. The main recommendation of the Commission was the creation of a new contributory Three – Tier Pension System for Ghana, funded by direct contributions of employers and employees to, replace existing parallel pension schemes.