Voluntary Winding-Up Directive for Banks and Specialised Deposit-Taking Institutions, 2021 🇬🇭
Ghana
Directive bog-vwd
Voluntary Winding-Up Directive for Banks and Specialised Deposit-Taking Institutions, 2021
- Commenced on 1 January 2021
- [This is the version of this document from 1 January 2021.]
Part I – PRELIMINARY
IntroductionThe Bank of Ghana (BOG) is responsible for the licensing, regulation and supervision of banks and specialised deposit-taking institutions (SDIs) in Ghana pursuant to the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930). Further, the Bank of Ghana is mandated to promote the safety and soundness of banks and SDIs, promote the stability of the financial system, and to protect the interests of depositors.Banks and SDIs are required to adhere to the Bank of Ghana's licensing, regulatory and supervisory requirements. This Directive is issued pursuant to section 92(1) of Act 930, and sets out requirements and procedures for the voluntary winding-up of banks and SDIs.The provisions of this Directive shall be read in conjunction with the relevant provi…Read the Full Legislation on judy.legal
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