Regulatory Alerts2024-03-22
Directive on the Use of the Ghana Card as the Sole Identity Document for Securities Market Transactions
The Securities and Exchange Commission of Ghana has issued a directive mandating the Ghana Card as the sole identity document for all securities market transactions, effective immediately. Market operators must update investor KYC records using the Ghana Card, while non-resident Ghanaians and foreign nationals are permitted to use passports for identification until they obtain the card or permanently, respectively. The directive revokes previous identification rules, authorizes the SEC to enforce compliance under existing securities laws, and remains in force until amended or revoked.
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