Payment Systems Act, 2003 🇬🇭

Ghana Repealed: 2019-05-14 1 Citing Cases

Repeal Notice

This legislation was repealed on 2019-05-14 by Payment Systems and Services Act, 2019

Republic of Ghana

The six hundred and sixty-second

Act

of the parliament of the republic of ghana

entitled

Payment Systems Act, 2003

Published by Government Gazette on 31 December 2003
Assented to on 31 December 2003
Commenced on 31 December 2003

[Repealed on 14 May 2019 by Payment Systems and Services Act, 2019 (Act 987 of 2019)]

AN ACT to provide for the establishment, operation and supervision of electronic and other payment, clearing and settlement systems; to provide for the rights and responsibilities of transacting and intermediating parties and for other related matters.

Establishment and Supervision of Payment Systems

1. Establishment and designation of payment systems by the Bank of Ghana

(1)The Bank of Ghana may

(a)establish, operate, promote and supervise payment, funds transfer, clearing and settlement systems, subject to the rules that it may publish, and

(b)designate any other payment, funds transfer, clearing and settlement systems, operating in the country which, the Bank considers…

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