Regulatory Alerts2021-11-01
Securities Industry (Credit Rating Agencies) Guidelines 2021
The Securities and Exchange Commission of Ghana mandates comprehensive licensing, corporate governance, and operational standards for all domestic and foreign Credit Rating Agencies operating in the country. These guidelines require agencies to establish qualified Ratings Committees, implement rigorous and consistently applied rating methodologies, and maintain robust conflict-of-interest safeguards alongside an IOSCO-aligned code of conduct. Furthermore, CRAs must ensure continuous rating surveillance, transparent public disclosures, and strict reporting obligations to the regulator while adhering to mandatory record-keeping and sanctions provisions.
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