Payment Systems and Services ACT 2019, (ACT 987)

Section 25: A person who engages in electronic money business without a licence from the Bank of Ghana commits an offence and is liable on summary conviction,(a) in the case of an individual, to a fine of not less than one thousand five hundred penalty units and not more than three thousand penalty units, or to a term of imprisonment of not less than four years and not more than seven years 01 to both; or(b) in the case of a body corporate, to a fine of not less than two thousand five hundred penalty units and not more than five thousand penalty units.

Procedures to Follow




Not Avaiable

Responsible Institution

Ministry of Finance

28th February Road, Finance Drv, Accra
Email:info@mofep.gov.gh
Website:www.mofep.gov.gh

Relevant Forms to Download

Not Available

Fees / Charges




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