Bank of ghana act no 612 of 2002 is the main law governing the bank of ghana the act establishes the authority and defines the functions of the bank of ghana. Banking sector in ghana the bank of ghana (bog) act 2002 (act 612) has been replaced with the banking act 2004 (act 673) to strengthen the regulatory and supervisory. 1 amending the bank of ghana act, 2002 (act 612) by the institute for fiscal studies, accra, ghana february 8, 2016 problem statement the institute for fiscal. The bank of ghana act, 2002 (act 612) outline 1 introduction 2 purpose of the act 3 administration of the bank 4 objects and functions of the bank of. Acts of the first republic agricultural development credit and co-operative bank act, 1965, act 286 ghana contract act, 1960, act 25 ghana book and newspaper.
In this act, unless the context otherwise requires, auditor-general includes an auditor appointed by the auditor-general bank means the bank of ghana continued. Gexim is a creation of law it was established by the ghana export-import bank act 2016 (act 911) the ghana export-import bank (gexim) has been launched to bolster. The bank of ghana (bog) has cautioned the public “a revised payment system act referred to as payment systems and services bill will be considered by. Laws & regulations legislation that apply to business operations in ghana the companies act, 1963 (act 179) income tax act of the world bank.
The amendment also seeks to separate the autonomy provisions from other objectives of the bank to strengthen the functional autonomy of the bank of ghana in the. Ghana’s enthusiastic efforts of becoming an economy less dependent on cash in the west african sub-region will be a mirage if the bank of ghana (bog). The delegation of german industry and commerce in ghana: we represent german business interests in ghana and advocate ghanaian-german business cooperation we offer. 2 act 612 bank of ghana act, 2002 part iii —— the bank as banker and fiscal agent of government and state institutions 28 custodian of state funds.
Bank of ghana notice to banks and specialized deposit-taking institutions (sdis) and the general public notice no bg/gov/sec/2018/02 digital and virtual currencies. Parliament on tuesday passed the bank of ghana (bog) amendment bill to significantly strengthen the central bank’s functional autonomy, governance and ability to. Bank of ghana act, 2002 act 612 arrangement of sections part i—the bank of ghana, its objects and shares section 1 continued legal existence of bank of ghana.
Improving supervision of financial services in ghana in fulfillment it its mandate under the borrows and lenders act (act 773), the bank of ghana in february. Steps are underway for the bank of ghana to legislate the use of virtual currencies in the country to that effect it said a revised payments system act.
Henry akpenamawu kofi wampah is a ghanaian economist and the former governor of the bank of ghana.
Dr henry akpenamawu kofi wampah has assumed the position of acting governor of the bank of ghana (bog) following the nomination, and subsequent swearing-in. Ghana ready to set up export and import bank president john dramani mahama yesterday stated that the establishment of a ghana export and import bank act, with. The parliament of ghana tuesday passed the bank of ghana (bog) amendment bill the objective of the amendment is to significantly strengthen the central bank’s. The parliament of ghana has passed an act to strengthen the process of licensing financial institutions, and consolidate supervision given the growing importance of. (1) the bank of ghana in existence immediately before the commencement of this act shall, subject to this act, continue to be in existence as a body corporate with. This supervisory mandate is derived from the bank of ghana act, 2002 (act 612) and the new banks and specialised deposit-taking institutions act.