meta_id 3267249

On June 23, 2026, Ghana's Securities and Exchange Commission (SEC) issued Directive SEC/DIR/001/06/2026 requiring market operators, fintech service providers, and persons owning or operating online investment and trading platforms to register and obtain appropriate licensing from the SEC. The directive addresses a growing trend of unregistered online investment applications and trading platforms facilitating access to securities trading in local and foreign markets. The SEC identified significant risks posed by fraudulent and unregulated online investment-related platforms, prompting implementation of strengthened investor protection measures. The directive applies to licensed market operators owning investor-facing investment technology or online platforms, fintech service providers performing SEC-licensed activities, and any person operating a digital platform serving as a digital intermediary. The directive does not apply to ancillary technology services supporting back-office operations, transaction screening systems, anti-money laundering and counter-terrorism financing (AML/CTF) regulatory technology solutions, online reporting and complaints portals, or educational platforms used solely for investor protection and fraud awareness. All persons subject to the directive must complete the licensing and registration process before August 31, 2026. The registration process requires applicants to complete a Platform Owners' Entry Form, participate in platform demonstrations, receive SEC feedback and regulatory guidance, pay applicable registration or licensing fees, and obtain a Registration or Licensing Certificate. The SEC will communicate specific requirements, conditions, and obligations attached to each license or registration, including regulatory reporting obligations. The SEC warned that any person or entity operating an unapproved, unlicensed, or unregistered online investment application or trading platform must immediately cease operations. The directive takes immediate effect and remains in force until revised, amended, varied, or revoked. Inquiries should be directed to the SEC at info@sec.gov.gh, 0302768970-2, or toll-free 0800100065.