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 FollowNot Avaiable |
Responsible InstitutionMinistry of Finance
28th February Road, Finance Drv, Accra |
Relevant Forms to Download |
Fees / ChargesNot Avaiable |