Financial Sector Development

• Venture Capital Scheme. SEM led a team of consultants to structure a government-sponsored venture capital scheme which is now under implementation. The project involved a review of the venture capital industry in Ghana, identification of international best practices, structuring of government’s participation in the funding of private venture capital funds, design of appropriate tax incentives, legal framework and drafting of legislation.
  
  
• Mozambique Capital Market Development. The project was undertaken on behalf of the Canadian International Development Agency to evaluate the feasibility of establishing a stock exchange in Mozambique.
  
  
• SADC Infrastructure Development. This was a mission for CIDA to identify mechanisms for promoting public-private partnerships in infrastructure development.
  
  
• Financial Sector Strategic Plan. Under a USAID sponsored project, SEM led a technical team to draft the Financial Sector Strategic (FINSSP) Plan in 2003 for Ghana. FINSSP is to be implemented over a six-year period with the support of several donor agencies including the World Bank, USAID and DFID.
  
  
• Ghana Stock Exchange
  
• Three-year World Bank project to build capacity of the exchange and improve the flow of new equity listings to the market.
  
  
• Review and rewriting of the rule book of the Ghana Stock Exchange
  
  
• Feasibility and Legal Report for the Establishment of a Central Securities Depository in Ghana. Under a World Bank program. SEM undertook a feasibility study and prepared a business plan for a central securities depository. In addition we provided a comprehensive legal review and recommendations for a legal and regulatory framework for the operation of a central securities depository.