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If the mutual fund is an open-end fund, you can buy the shares of the company at any time. You can also at any time sell back your shares to the manager at the mutual funds’ prevailing buying price. If the mutual fund is a closed-ended fund, you can buy shares of the company on any trading day through licensed broker-dealers as the shares are ...
Below are the laws and regulations that currently apply to the Ghanaian securities market: Securities Industry (Amendment), 2021 (Act 1062) Securities and Exchange Commission (Amendment) Regulations, 2019 L. I. 2387. Securities Industry Act, 2016, Act 929. Foreign Exchange Act 2006 (Act 723) SEC Regulations 2003 (LI 1728) Unit Trust and Mutual ...
Companies are to pay tax on capital gains on the realization of an investment asset at the entity’s corporate tax rate. (ii) An 8% final withholding tax on dividend income is payable by all investors. Withholding tax on interest income earned by individual investors is 0% but 8% for institutions. (iii) A stamp duty (per the Companies Act) of ...
3. DATE OF INCORPORATION: This refers to the date the company was registered by the Registrar General’s Department. 4. LISTED ON THE STOCK EXCHANGE Tick whether the company is listed on the Ghana Stock Exchange or Not. 5. BUSINESS LOCATION Tick as applicable, the location where business activity is carried out. 6. DO YOU ENJOY TAX HOLIDAYS i.
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4. Legal form (1) A market operator other than an investment adviser, shall be a body corporate, including an incorporated private partnership. (2) Where the market operator is an investment adviser, it may conduct business in a form other than a company if: (a) the Commission is satisfied that the business can be safely conducted in the form
Manufacturing companies located in regional capitals (except Accra & Tema) 18.5. Manufacturing companies located outside Accra, Tema and the regional capitals. 12.5. Free Zone Enterprises after 10 years tax holiday (on domestic sales) 25. Free Zone Enterprises after 10 years tax holiday (on export of goods and services) 15. Petroleum income tax. 35
The Ghana Revenue Authority (GRA) also mandates Annual Returns filing every year. This involves completing the GRA returns form and submitting it alongside Audited Accounts signed by a certified Auditor. The deadline for filing at GRA is 30th April of the subsequent year. Failure to file on time results in penalties, including GH¢500 upon ...
