Regulatory Alerts2006-08-01
Guidance on Unclaimed and Unpaid Dividends in Ghana
The Securities and Exchange Commission of Ghana mandates listed companies, registrars, and market operators to actively trace shareholders, publish unclaimed dividend details in annual reports and media, and maintain updated registers. Dividends not claimed within a twelve-to-fifteen-month dormancy period must be transferred to a newly established special fund, where shareholders can later claim the principal plus accrued interest. The SEC will oversee a national register to track these funds, implement an investor education campaign, and grant listed companies a three-year grace period to settle historical arrears.
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