'My Accounting background makes me right choice for SEC boss' - Avedzi

James Klutse Avedzi is the new Director General of the Securities and Exchange Commission (SEC). He defends President John Mahama’s decision to appoint him.

Avedzi, the MP for Ketu North, has a strong accounting background. He also has extensive parliamentary experience, making him suitable for this role.

In an interview on Joy News’ PM Express Business Edition, he emphasized his expertise. He believes it makes him an asset to Ghana’s capital market.

“The President is very right,” Avedzi stated. His knowledge in finance and governance supports his selection.

“I’m an accountant by profession,” he explained. “I’ve been in Parliament for 20 years.” He served on several committees, including Finance and Public Accounts. He chaired each committee for eight years, totaling 16 years of financial oversight.

Avedzi noted that accountants are versatile professionals. They can excel in various sectors, including capital markets. “That is why I believe the President was right in putting me here,” he said.

He also highlighted his role in shaping the SEC. “When the act governing this institution passed in 2016, I was chair of the Finance Committee,” he revealed.

The President believed Avedzi would be an asset to the capital market. This appointment aims to support Ghana's growth and development.

Avedzi expressed gratitude for his new role. He sees it as a chance to contribute meaningfully to Ghana’s financial sector.

“When the President told me about my appointment, I gladly accepted,” he said. He thanked him for recognizing his potential in this sector.

He acknowledged that many people misunderstand what the SEC does. Many confuse securities with law enforcement agencies like police or military.

“It’s a sector not well known or visible to the public,” he remarked. “When people hear ‘securities,’ they think of something else entirely.”

Avedzi assured that they will clarify these misconceptions moving forward. He reiterated his commitment to developing Ghana’s capital market.

“The capital market is crucial for economic growth,” he stated confidently. “I am ready to maximize its potential for our country’s benefit.”