SEC and UNCDF have released extensive rules for Ghana’s equity and investment-based crowdfunding.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Securities and Exchange Commission of Ghana (SEC) and the United Nations Capital Development Fund (UNCDF) have launched comprehensive guidelines for equity and investment-based crowdfunding in Ghana to boost the growth of small and medium-sized enterprises.

The guidelines were developed in collaboration with key stakeholders and followed extensive consultations and technical assistance support from Lelapa African FinTech Advisory as well as feedback from sector players.

The guidelines aim to unlock the potential of crowdfunding as a viable financing option for Micro, Small, and Medium Enterprises (MSMEs) and startups in the country while ensuring investors’ protection, providing a regulatory framework and addressing critical gaps that have hindered the growth of the entrepreneurial community.