SEC resolves GSE and Databank dispute

Accra, Sept. 10, GNA - The Securities and Exchange Commission (SEC), on Wednesday said it has resolved the impasse between the Ghana Stock Exchange (GSE) and the Databank Brokerage Limited (DBL) over the sale and purchase of Cal Bank shares.

A Statement issued by Mr K. Okwabi, Deputy Director General, SEC said subsequently the penalty levied on Databank by the GSE had been waived.

DBL was suspended from trading on the Exchange by the GSE due to the matter.

The statement assured the public that the parties in the dispute as industry participants in the capital market were committed to the growth of the stock market.

SEC, the statement said would continue to ensure that conflicts arising on the market would be resolved among parties for the development and integrity of the capital market.