2023-04-13

SEC Directive on Discontinuation of Dividend Warrants for Securities Market Payments

The Securities and Exchange Commission (SEC) has issued a directive discontinuing the use of dividend warrants for dividend payments in the securities market. Effective May 2, 2024, all dividend distributions must be processed electronically via mobile money, bank transfers, or other SEC-approved methods, requiring licensed registrars and shareholders to update payment details accordingly. Issuers may implement the transition earlier if compliant, while non-compliance will trigger enforcement actions under the Securities Industry Act, 2016.

Ghana

Securities and Exchange Commission Ghana

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