Ghana Trade - Official SME Product Portal and Web Gallery

Laws

FINANACIAL INSTITUTIONS (NON-BANKING) LAW, (PNDC L 328)

REQUIREMENTS FOR NON-BANK FINANCIAL INSTITUTIONS LICENCES

1. Restricting Eligibility to Licensed Corporate Bodies

No person other than a body corporate incorporated in Ghana shall be eligible to apply for a licence to carry on the business of a non-bank financial institution.

2. No person shall carry on the business of a non-bank financial institution unless the Bank of Ghana licenses it.

3. Interview

The Banking Supervision Department located in the Cedi House [Bank of Ghana Annex] shall first interview the applicant.

The applicant may...click here to download

INSURANCE ACT, 1989 (PNDC 227)

ARRANGEMENT OF SECTIONS

PART I - ESTABLISHMENT OF NATIONAL INSURANCE

COMMISSION

Section

1. Establishment of National Insurance Commission

2. The object and functions of the Commission

3. Secretary to give directions

4. The Board of the Commission

5. Meetings of the Board

6. Committees of the Board

7. Commissioner of Insurance, Deputy Commissioner of Insurance....click here to download

 

PAYMENT SYSTEMS ACT, 2003 (ACT 662)

 

PAYMENT SYSTEMS IN GHANA

OVERVIEW

The payment system is the entire matrix of institutional infrastructure arrangements

and processes in a country set up to enable economic agents (individuals,

businesses, organisations and Government) initiate and transfer monetary claims

in the form of commercial and central bank liabilities.

Ghana's payment system has improved significantly since 1997 when the MICR

cheques were introduced, and continues to evolve to meet the developmental needs

of the country...CLICK HERE TO DOWNLOAD

SECURITIES INDUSTRY LAW, 1993 (PNDC L 328)

ARRANGEMENT OF SECTIONS

Section

PART I - SECURITIES AND EXCHANGE COMMISSION

1. Establishment of the Commission.

2. Composition of the Commission.

3. Terms of membership.

4. Meetings of the Commission.

5. Chief Executive and other staff of the Commission.

6. Funds of the Commission.

7. Accounts and Audit.

8. Allowances for members of the Commission.....

VENTURE CAPITAL TRUST FUND ACT,2004(ACT 680)

ARRANGEMENT OF SECTIONS

Section

PART I - PRELIMINARY MATTERS

1. Application of the Companies Code 2 Functions of the Bank of Ghana

PART II - LICENSING OF BANKS

 

3.         Eligibility restricted to Ghanaian Corporate Bodies

4.         Banking licence mandatory

 

5.         Application for licence

CLICK HERE TO DOWNLOAD