Co-operative Credit Union Regulations, 2015 (L.I. 2225)
Regulation 6: Licensing of a Co-operative Credit Union
(1) A person shall not carry on the business of a Co-operative Credit Union unless
(a) the Co-operative Credit Union is registered and incorporated under sections 5 and 6 of the Co-operative Societies Act, 1968 (N.L.C.D. 252); and
(b) licensed by the Bank in accordance with the Non-Bank Financial Institutions Act, 2008 (Act 774).
(2) A person who contravenes subregulation (1) commits an offence and is liable on summary conviction to a fine of one thousand penalty units or to imprisonment for a term of four years or to both the fine and imprisonment.
Subject : Co-operative credit unions
Procedure to Follow
Not Avaiable
Responsible Institution
28th February Road, Finance Drv, Accra
- Email: info@mofep.gov.gh
- Website: www.mofep.gov.gh
- GPS: GA-144-2024
- Telephone: +233 302 747 197
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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