BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930)


Introductory Text

  • Section 91 - Powers of regulation and supervision
  • Section 92 - Directives
  • Section 93 - Information and periodic returns
  • Section 94 - Examination
  • Section 95 - Investigation or scrutiny
  • Section 96 - Power of examiners
  • Section 97 - Taking custody of records
  • Section 98 - Verification of information
  • Section 99 - Examination reports
  • Section 100 - Follow-up action on examination and other supervisory reports
  • Section 101 - Appointment of advisor
  • Section 102 - Remedial measures for banks, specialised deposit-taking institutions or financial holding companies
  • Section 103 - Remedial measures for directors, key management personnel, and
  • Section 104 - Prompt corrective action for adequately capitalised banks, specialised deposit-taking institutions, or financial holding companies suffering material losses
  • Section 105 - Prompt corrective actions for uncapitalised banks, specialised Deposit-taking institutions or financial holding companies
  • Section 106 - Prompt corrective action for significantly undercapitalised banks, specialised deposit-taking institutions, or financial holding companies
  • Section 107 - Grounds for appointing an official administrator
  • Section 108 - General powers of the official administrator
  • Section 109 - Oversight of official administrator by the Bank of Ghana
  • Section 110 - Suspension of dividends
  • Section 111 - Moratorium and effect of official administration on proceedings
  • Section 112 - Suspension of rights of termination
  • Section 113 - Control of the bank or specialised deposit-taking institution by official administrator
  • Section 114 - Inventory and plan of action to resolve the bank or specialised deposit- taking institution
  • Section 115 - Capital increase by existing shareholders
  • Section 116 - Recapitalisation by new shareholders
  • Section 117 - Mergers, sales and other restructurings
  • Section 118 - Mandatory restructuring of liabilities
  • Section 119 - Removal of directors and key management personnel
  • Section 120 - Misconduct by significant shareholders, directors, key management
  • Section 121 - Expenses of the official administration
  • Section 122 - Termination of official administration
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