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ARTICLE · 12 NOVEMBER 2025

The Ghana SEC Issues Securities Industry (Financial Resources) Guidelines 2025

Templars
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On 12 August 2025, the Securities and Exchange Commission ("SEC"), regulator of Ghana's securities market, issued the Securities Industry (Financial Resources) Guidelines 2025...

NigeriaCorporate/Commercial Law
Sarpong K. Odame
Sarpong K. Odame
Eugenia Grace Amagyei
Eugenia Grace Amagyei

Introduction

On 12 August 2025, the Securities and Exchange Commission (“SEC”), regulator of Ghana's securities market, issued the Securities Industry (Financial Resources) Guidelines 2025 (SEC/GUI/002/08/2025 (the “Guidelines”). The Guidelines apply to all licensed market operators1 including broker-dealers, private equity and venture capital funds, credit rating agencies, and primary dealers.2 Market operators are required to comply with the provisions of the Guidelines within three months from its commencement date.3

Obligation to Maintain Financial Resources

The Guidelines prescribe minimum financial resource requirements for all licensed market operators.4

  • Paid-up share capital: Operators are currently required to maintain minimum paid-up capital5 ranging from GHS 200,000 to GHS 400 million6 depending on the type of regulated activity engaged in.

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