Banking Law, 1989 🇬🇭

Ghana Repealed: 2004-10-29

Repeal Notice

This legislation was repealed on 2004-10-29 by Banking Act, 2004

P.N.D.C.L. 225

Banking Law, 1989

Published in Government Gazette on 22 December 1989
Commenced
[This is the version of this document from 22 December 1989.]

[Repealed on 29 October 2004 by Banking Act, 2004 (Act 673 of 2004)]

In pursuance of the Provisional National Defence Council (Establishment) Proclamation, 1981 this Law is hereby made:

Part I – LICENSING OF BANKS

1. Banks to be incorporated in Ghana

No person other than a body corporate incorporated in Ghana shall carry on the business of banking in Ghana.

2. All banks must be licensed

No person shall carry on the business of banking (whether as a principal or agent) except by or under the authority of a licence issued in accordance with this Law.

3. Application for licence, etc.

Every application for a licence shall be made in writing to the Bank of Ghana and shall be accompanied by(a)a certified true copy of the regulations or other instrument, relating to the proposed business of banking, or by or under which any person proposing to carry …

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