Ghana’s Securities and Exchange Commission (SEC) has instructed local fund managers to scale back their offshore investments as part of efforts to support the cedi and strengthen macroeconomic stability. Under a new SEC circular, fund managers will now be permitted to invest a maximum of 20% of their assets under management in foreign securities. Funds that were previously allowed to invest all their money offshore will now be limited to 70%.

The move forms part of broader financial‑sector reforms tied to Ghana’s three‑year IMF‑supported programme, which aims to stabilise the economy and address the country’s recent and severe economic challenges. Thami Ngubeni spoke to Ghanaian Economist George Antwi‑Boasiako.