Payment Systems and Services ACT 2019, (ACT 987)

Section 27: A licence issued or authorisation granted under this Act is valid for a period of five years subject to renewal until the licence or authorisation is suspended or revoked.(2) The holder of a licence or authorisation granted under this Act may, within six months before the expiration of the licence or authorisation, apply to the Bank of Ghana for renewal.(3) On receipt of an application under subsection (2), the Bank ofGhana may renew the licence or authorisation upon (a) the payment of a renewal fee;(b) the fulfillment of the terms and conditions applicable for the grant of licence or authorisation,(c) submission of a Tax Clearance Certificate; and(d) submission of any other information that the Bank of Ghana may require.(4) The Bank of Ghana may reject an application under subsection (2) if the Bank of Ghana is satisfied that the applicant has failed to comply with the conditions specified in the previous licence or authorisation.

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




Not Avaiable