Regulatory Alerts2020-01-01
Guidelines on Market Levies for 2020
The Securities and Exchange Commission mandates fixed annual market operator levies ranging from GHS 2,000 to GHS 20,000 for fund managers and market operators during the 2020 financial year. The guidelines impose a 0.15 percent transaction levy on share trades and a 0.01 percent bond levy apportioned across the Ghana Fixed Income Market, Central Securities Depository, and the SEC. Market operators must remit these annual and transactional charges by the end of the first quarter or within ten working days post-transaction, with non-compliance subject to SEC enforcement powers.
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