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). What is the financial health of the banking industry how are banks regulated in ghana what should i know about opening a bank account in ghana. 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. Ghana - foreign exchange since the enactment of the 2006 foreign exchange act banks must submit reports of all payment transactions to the bank of ghana. 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.
View bank of ghana act, 2002pdf from law 101 at accra polytechnic act 612 bank of ghana act, 2002 arrangement of sections 1 2 3 4 5 6 7 the bank of ghana. 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. 2 the central bank of kenya act arrangement of sections part 1 – preliminary section 1 short title 2 interpretation part ii – establishment, constitution and. The bank’s day to day operations will be governed by the ghana export-import bank act, 2016, act 911, the regulations giving effect to the act and the bank’s operational guidelines, which.
The bank of ghana is the central bank of ghana it is located in accra and was formed in 1957 its name is abbreviated to bog historybrief historica. 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. Increased minimum capital requirements for banks in ghana - the bank of ghana has responsibility for the supervision and regulation of all deposit-taking.
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. 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. Parliament passes bank of ghana amendment bill accra, aug 3, gna - parliament on tuesday passed the bank of ghana (bog) amendment bill to significantly strengthen the central bank’s. Parliament passes banks and specialized bill the parliament of ghana has passed an act to strengthen the process of licensing financial the bank of ghana.
The international monetary fund (imf) says some provisions in the amended bank of ghana act undermine the credibility of the country’s monetary policy after. 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.
Banking (amendment) act 2007, act 738 download pdf version banking act 2004, act 673 download pdf version bank of ghana act 2002, act 612 download pdf version. 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. Dr millison kwadwo narh, the deputy governor of the bank of ghana, has hinted that the bank was revising the current banking act to enable it to address the identified gapshe said the. 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 functional autonomy. Laws of ghana act 807 mutual legal with respect to the act specified in the arrangement if that act when committed in ghana would be a bank, financial. 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.