Application for Licence
An
application for licence shall be made in writing to the Head, Banking
Supervision Department, Bank of Ghana, Accra, and shall be accompanied
by:
- A certified true copy of the Company
Regulations or other Instrument(s), relating to the proposed bank or
specialised deposit-taking institution under which the person proposing
to carry on the business of banking or deposit-taking was established;
- The
names, addresses, occupations, business and professional history,
certified financial positions and corporate affiliations of the
significant shareholders and details of their respective shareholdings;
- When the applicant is a member of a corporate group;
(i) a complete organizational structure including a diagram of the group
(ii) direct and indirect affiliates and associates of the applicant, and
(iii) the nature of the relationship with the group - The particulars of the proposed directors and key management personnel of the applicant, including
(i) their qualifications and experience,
(ii) business and professional history for the preceding ten (10) 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 - A feasibility report including business plan and financial projections for the first five years, and intended areas of specialisation as well as Anti-Money Laundering policy and internal rules;
- Documentary evidence of the capital of the applicant, including the original sources of funds and particulars of the ultimate beneficial owners;
- In the case of foreign applicant
(i)
notarised copies of the certificates of incorporation and commencement
of business, and the Company Regulations (Articles of Incorporation) or
other relevant instruments or by-laws or similar documents;
(ii) shareholders’ resolution; and
(iii)
a written confirmation from the supervisory authority of the country of
the foreign applicant that the supervisory authority has no objection
to the proposal of the applicant to carry on the business of banking or
deposit-taking in Ghana and that that supervisory authority exercises
global consolidated supervision over the foreign applicant; - A statement on measures and structures that the applicant’s business would be conducted under sound corporate governance principles and in accordance with the Anti-Money Laundering and Anti-Terrorism laws of Ghana;
- The processing fee that the Bank of Ghana may by notice specify (kindly see 4.0); and
- Any other particulars that the Bank of Ghana may require.
