Regulatory Alerts2022-08-10
Directive on the Use of the Ghana Card as the Only Identity Card for Securities Market Transactions
The Securities and Exchange Commission of Ghana mandates the “Ghana Card” as the sole identity document for all securities market transactions, applying immediately to new investors and existing ones by January 1, 2023. Market operators must update investor records through digital channels while existing investors are required to present their Ghana Card for Know Your Customer updates. This directive ensures uniform identification across the financial sector and empowers the regulator to enforce compliance through specified legal actions.
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