ࡱ> +-* bjbj ."jj l  xzzzzzz$ n^xxxx  R,pv xx0xxOPENING REMARKS IN CONNECTION WITH THE SECURITIES AND EXCHANGE COMMISSIONS MEDIA PRESENTATION ON INITIAL PUBLIC OFFERINGS AND THE ROLE OF THE MEDIA BY MR EKOW ACQUAAH-ARHIN DIRECTOR, MARKET SURVEILLANCE SEC Good Morning Ladies and Gentlemen of the Media, It gives us staff of the Securities and Exchange Commission much pleasure to have you here to share our thoughts on Initial Public Offerings (IPOs) and the Role of the Media. One of the major requirements for the building blocks of an efficient and strong capital market is the development of a well-informed, active, professional and independent financial and business media. The bedrock of capital markets is information, which must be disseminated in such a way that no potential investor is placed in a more advantageous position vis--vis, another potential investor, by the possession of that information. Ladies and Gentlemen of the media, you carry the information or news. It is for this, amongst other reasons, that you are an indispensable player in capital markets. The SEC therefore recognizes you as an indispensable partner in the promotion, development and regulation of Ghanas capital market. The capital market as an integral part of the overall financial system is the most sensitive to information. It is therefore important that the SEC partners effectively with you the media on how best to package, manage and disseminate information that is relevant and appropriate not only to meeting the needs of the investing public, but also with a view to providing stability to the securities market and the economy at large. You, the Ghanaian media have shown a lot of interest in the work of the Commission, especially IPOs. For that we doff our hats to you. It is therefore only proper and necessary that we at the SEC also deepen your knowledge about IPOs, especially; our full disclosure based regulatory system and procedures for reviewing IPOs. This will enable you better understand what we do, should do and cannot possibly do regarding IPOs. It is important to juxtapose full disclosure-based review with merit-based and indicate here that our approach is the universal method, which is also recommended by the International Organisation of Securities Commissions (IOSCO) of which Ghana is a member. Our finances permitting, this open forum would definitively not be the last as we promised you last year when we met at Erata Hotel. We believe that there are many things that you would want to share with us. However, to enable us not stay here all day and because we have opened our doors to you and there would be other opportunities, we would implore you to field questions on IPOs for this forum. On behalf of the Commission and its staff, I warmly welcome you all to this presentation and hope that you will leave here feeling more emboldened in your role as our partners and to contribute your quota more effectively. Thank you. P N u OJQJ>*CJOJQJ^JOJQJmH sH CJOJQJ^J5>*CJOJQJ\^JP R   wy$a$$a$$a$,1h. A!"#$%  i8@8 NormalCJ_HaJmH sH tH <A@< Default Paragraph Font6B`6 Body TextCJOJQJ^J "8<{  Alex Amankwah-PokueC:\Documents and Settings\aapoku\My Documents\securities\Presentations\IPOs welcome speech - ekow.doc@ R   P@UnknownGz Times New Roman5Symbol3& z ArialCFComic Sans MS"ph8sF9sF Yr0 2~OPENING REMARKS IN CONNECTION WITH THE SECURITIES AND EXCHANGE COMMISSION S MEDIA PRESENTATION ON INITIAL PUBLIC OFFERINGS ANDAlex Amankwah-PokuAlex Amankwah-PokuOh+'0 ,HT`p    OPENING REMARKS IN CONNECTION WITH THE SECURITIES AND EXCHANGE COMMISSIONS MEDIA PRESENTATION ON INITIAL PUBLIC OFFERINGS ANDPENAlex Amankwah-PokuClexlexNormalaAlex Amankwah-PokuC1exMicrosoft Word 9.0C@F#@H p@+p ՜.+,0l hp  K SEC   OPENING REMARKS IN CONNECTION WITH THE SECURITIES AND EXCHANGE COMMISSIONS MEDIA PRESENTATION ON INITIAL PUBLIC OFFERINGS AND Title  !#$%&'(),Root Entry F],p.1TableWordDocument."SummaryInformation(DocumentSummaryInformation8"CompObjjObjectPool],p],p  FMicrosoft Word Document MSWordDocWord.Document.89q