Payment Systems and Services Act, 2019 🇬🇭

Ghana

Republic of Ghana

The nine hundred and eighty-seventh

Act

of the parliament of the republic of ghana

entitled

Payment Systems and Services Act, 2019

Published by Government Gazette on 14 May 2019
Assented to on 13 May 2019
Commenced on 14 May 2019

AN ACT to amend and consolidate the laws relating to payment systems, payment services and to regulate institutions which carry on payment service and electronic money business and to provide for related matters.PASSED by Parliament and assented to by the President:

Preliminary Provisions

1. Application of this Act

This Act applies to

(a)a bank,

(b)a specialised deposit-taking institution,

(c)a dedicated electronic money issuer,

(d)a payment service provider,

(e)an affiliate of a bank, a specialised deposit-taking institution or a financial holding company, and

(f)an agent of a bank, a specialised deposit-taking institution, a dedicated electronic money issuer or a payment service provider.

2. Application of relevant enactments

(1)This Act shall be read togeth…

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