The Securities and Exchange Commission (SEC) has confirmed Zenith Bank Ghana Limited’s request to voluntary withdraw as trustee from the Ghanaian Securities market.
Confirming the move in a statement dated Tuesday, January 18, 2023, the commission said: “The SEC is hereby issuing this Public Notice to clarify that, as stated in the Public Notice referenced above, Zenith Bank Ghana Limited voluntarily requested to cease operations as a Trustee.”
Although Zenith Bank Ghana Limited voluntarily ceased its Trustee services for Unit Trust Schemes in 2022, the Bank continues to hold a Custodian license issued by the SEC under the Securities Industry Act, 2016 (Act 929) and remains an active operator in the Ghanaian Securities market and banking industry” the statement said.
