Regulatory Alerts2018-01-01
Guidelines for Private Funds (April 2018)
The Securities and Exchange Commission of Ghana issues these guidelines to establish comprehensive licensing, operational, and governance standards for private funds, including hedge, private equity, and venture capital vehicles. The framework mandates that funds appoint licensed managers and independent custodians while maintaining a minimum fund size of ten million Ghana Cedis and ensuring at least one independent director on the board. It further enforces strict fit-and-proper criteria, mandatory custody and valuation policies, annual audits, and public offer restrictions to safeguard qualified investors and ensure regulatory compliance.
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