Regulatory Alerts2024-01-01
Securities Industry Crowdfunding Guidelines 2024
The Securities and Exchange Commission of Ghana issued the 2024 Crowdfunding Guidelines to regulate investment-based crowdfunding by mandating licensing for intermediaries, platforms, issuers, and investors operating within the jurisdiction. The framework establishes strict eligibility criteria, a GHS 250,000 minimum capital requirement, and comprehensive operational duties including due diligence, risk management, transparency, and mandatory periodic reporting. It further defines permissible investment instruments, marketing standards, ongoing disclosure obligations, and specific provisions for agricultural commodity fundraising while granting the Commission authority to revoke licenses and impose penalties for non-compliance.
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