Mirepa Investment Advisors (MIA) received approval for its Investment Advisory (IA) License from the Securities and Exchange Commission (SEC) Ghana this past month. The license was issued by the regulator to MIA specifically to carry out the business of managing private equity and venture capital funds.
The IA license is currently the first step in the regulatory process to being authorized to manage a private fund in Ghana. The next step for MIA is to file for approval from the SEC for the respective funds it wants to manage. The SEC license and approvals allows MIA to manage locally domiciled funds that source capital from local institutional investors such as the pension funds.