Regulatory Alerts2019-04-01
Added · Updated
Warehouse Receipts Guidelines 2019
The Securities and Exchange Commission of Ghana mandates licensing for warehouses, operators, and inspectors issuing negotiable warehouse receipts traded on commodities exchanges. The guidelines require licensed entities to maintain adequate insurance and bonds, keep goods separately or under regulated commingling rules, and fulfill strict delivery obligations while prohibiting rebates. It establishes clear liabilities for late or mis-delivery, outlines mandatory inspection protocols, and grants the Commission authority to suspend, revoke, or penalize non-compliant operators.
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