Business Rules for Deposit-Taking Non-Bank Financial Institutions – OLD VERSION

Ghana

(enacted in 2000)

Business Rules for Deposit-Taking Non-Bank Financial Institutions of 2000, issued by the Bank of Ghana under the old Non-Bank Financial Institutions Act No. 774 of 1993, are applicable to licensed institutions accepting deposits. Note that new regulations have yet to be issued under the newer Non-Bank Financial Institutions Act No. 774 of 2008.

These rules cover the following topics:

  • Permitted business;
  • Capital and solvency requirements;
  • Liquidity requirements;
  • Restrictions on lending and investments;
  • Portfolio management norms related to business finance, micro and small business loans and asset-based finance;
  • Corporate governance;
  • Deposit-taking rules; and
  • Penalties.