Capital Markets Comparative Guide

1 Legal and regulatory framework

1.1 Which laws and regulations govern the capital markets in your jurisdiction?

1. Securities Industry Act, 2016 (Act 929)
2. Central Securities Depository Act, 2007 (Act 733)
3. Foreign Exchange Act, 2006 (Act 723)
4. Companies Act, 2019 (Act 992)
5. Securities And Exchange Commission Regulations, 2003 (L.I. 1728)
6. Ghana Stock Exchange Listing Rules, 2006
7. Corporate Governance Code for Listed Companies 2020 SEC/CD/001/10/2020 (Issued by the Securities Exchange Commission)

1.2 Is your jurisdiction part of a supranational, transnational or multinational framework with relevance to capital markets? If yes, how does this work?

The Ghana Stock Exchange (GSE) is a leading member of the African Securities Exchanges Association. Ghana has applied to become an affiliate member of the World Federation of Exchanges.