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Corporate Governance Directive, 2018 🇬🇭

Ghana

Directive bog-cgd

Corporate Governance Directive, 2018

  • Commenced on 1 December 2018
  • [This is the version of this document from 1 December 2018.]

Part I – PRELIMINARY

1. Title

This Directive may be cited as the Corporate Governance Directive, 2018.

2. Revocation

This Directive shall supersede the Banking Business - Corporate Governance Directive 2018 issued in March 2018. The Banking Business Corporate Governance Directive 2018 issued in March 2018 is hereby revoked.

3. Application

This Directive is issued under the powers conferred by Sections 56 and 92(1) of the Banks & Specialised Deposit Taking Institutions Act, 2016 (Act 930)) and shall apply to Banks, Savings and Loans Companies, Finance Houses and Financial Holding Companies licensed or registered under Act 930.

4. Interpretation

In this Directive, unless the context otherwise requires,“Act 930” means the Banks & Specialised Deposit-Taking Institutions Act, 2016 (Act 930).“Alternate Director” means a person appointed by an existing director…

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