Regulatory Alerts2022-04-14
Ghana Securities Industry (Crowdfunding) Guidelines 2022
The Securities and Exchange Commission of Ghana has issued comprehensive regulatory guidelines to establish a licensed framework for securities-based crowdfunding platforms and protect retail investors. The document mandates strict licensing criteria, mandatory due diligence, and operational safeguards for crowdfunding intermediaries while capping issuer fundraising at GHS 500,000 annually and restricting retail investor contributions to 10% of their yearly income. It further enforces rigorous risk disclosure requirements, trust account management, continuous monitoring, and quarterly reporting obligations to ensure market transparency and mitigate speculative investment risks.
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