Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930)
Section 7: (1) A person who seeks to carry on a deposit-taking business shall apply in writing to the Bank of Ghana for a licence.
(2) An application for a licence under subsection (1) shall be accompanied with the following:
(a) a certified true copy of the Company Regulations or other relevant instrument relating to the proposed bank or specialised deposit-taking institution under which the
person proposing to carry on a deposit-taking business was established;
(b) the names, addresses, occupations, business and professional history, certified financial positions, and corporate affilia- tions of the significant shareholders and the respective values of the shares;
(c) where the bank or specialised deposit-taking institution is a member of a corporate group,
(i) a complete organisational structure including a diagram of the group;
(ii) direct and indirect affiliates and associates of the bank or specialised deposit-taking institution, and
(iii) the nature of the relationship to the group;
(d) the particulars of the proposed directors and key management personnel concerned with the management of the deposit- taking business, including
(i) their qualifications and experience,
(ii) business and professional history for the preceding ten years or a longer period that the Bank of Ghana may determine,
(iii) certified financial position,
(iv) business interests, and
(v) the performance of the business concerns under their control or management;
(6) For the purpose of this section, "authorised agent" includes an apex body, network, industrial association, self-regulatory organisation or any other person recongnised by the Bank of Ghana.
Procedure to Follow
Not Avaiable
Responsible Institution
Accra Central
- Email: info@bog.gov.gh
- Website: www.bog.gov.gh
- GPS: GA-065-3452
- Telephone: 233302666174
Relevant Forms to Download
Not Available
Online System
Fees/ charges
Not Avaiable
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