Regulatory Alerts2025-02-27
Guidelines on Market Levies for 2025
The Securities and Exchange Commission of Ghana has issued binding guidelines establishing the annual market operator levies and transaction fees applicable to all regulated securities market participants for 2025. The document mandates fixed annual fees ranging from GH¢3,000 to GH¢50,000 based on entity classification, while imposing transaction levies of 0.7% on share trades, 0.01% on bond trades, and 0.002% on repurchase agreements, with specified revenue distributions to exchanges, depositories, and the regulator. Market operators must settle annual levies by the end of the first quarter or in installments by June 30, pay transaction and admission levies within ten to fifteen working days after the relevant month, and face enforcement actions under the Securities Industry Act for non-compliance.