Regulatory Alerts2024-06-19
Ghana SEC and UNCDF Launch Crowdfunding Guidelines to Crowd-In Investments and Boost Entrepreneurial Growth
The Securities and Exchange Commission of Ghana and the UN Capital Development Fund have issued comprehensive guidelines establishing a regulatory framework for equity or investment-based crowdfunding in Ghana. The rules mandate that all crowdfunding platforms secure rigorous licensing, disclose investment risks and potential returns, and collaborate with banks and microfinance institutions to operate legally. By formalizing oversight for both domestic and foreign platforms, the framework aims to protect investors, unlock accessible financing for MSMEs and startups, and stimulate sustainable entrepreneurial growth.
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