Regulatory Alerts2023-03-16
Guidelines on Market Levies for 2023
Issued by the Securities and Exchange Commission of Ghana, these guidelines establish revised annual market operator levies ranging from GHS 3,000 to GHS 50,000 for 2023 to align with current operational costs. The regulations impose transaction levies of 0.7% on equity trades, 0.01% on bond trades, and 0.002% on repurchase agreements, alongside a 0.0018% admission levy for fixed income securities, with revenues distributed among the Ghana Stock Exchange, Central Securities Depository, and market development funds. All annual levies must be settled by June 30, 2023, while transaction and admission fees are due within ten to fifteen working days following each trade, with non-payment subject to statutory enforcement under the Securities Industry Act.