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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