President John Dramani Mahama has made the decision to remove Reverend Daniel Ogbarmey Tetteh from his role as the Director-General of the Securities and Exchange Commission (SEC). This move comes as part of a restructuring within the Commission, with Dr. James Klutse Avedzi set to take over the position on an interim basis.
In a letter dated Monday, 27th January, the Secretary of the President directed Reverend Tetteh to hand over his responsibilities to Dr. Avedzi, who will now lead the SEC. Reverend Ogbarmey Tetteh was appointed as the Director-General of SEC back in 2017 during the tenure of former President Akufo-Addo. He succeeded Dr. Adu Anane-Antwi, who retired from the Commission in December 2016.
Dr. James Klutse Avedzi, the incoming Director-General, brings with him a wealth of experience and qualifications. He was the previous Member of Parliament for Ketu North Constituency in the Volta Region, representing the National Democratic Congress (NDC) for two decades before stepping down. Dr. Avedzi holds a PhD from Universidad Empresarial De Costa Rica (UNEM), an MBA from the University of Liverpool, and an MCIT from the Ghana Chartered Institute of Taxation.
Prior to his political career, Dr. Avedzi worked as the principal accountant at the Controller and Accountant General’s Department in Accra starting in 1995. He later transitioned into politics in 2004 and went on to serve as the Chairman of the Finance Committee of Parliament and the Chairman of the Public Accounts Committee. Additionally, he held the position of Deputy Minority Leader for the NDC in Parliament.
The Securities and Exchange Commission (SEC) operates under the Securities Industry Act, 2016 (Act 929), with the primary goal of regulating and fostering the growth of a fair, transparent securities market. The Commission is dedicated to safeguarding investors and upholding market integrity.
As Dr. James Klutse Avedzi assumes his new role as the Director-General of SEC, stakeholders will be eager to see the direction in which he takes the Commission and the initiatives he implements to further enhance the securities market in Ghana.
