Ghana: Payment Systems and Services Act, 2019 (Act 987)
Progress
Scope
Timeline of events
Payment Systems and Services Act, 2019 (Act 987) including operational license requirement entered into force
On 15 February 2020, the Payment Systems and Services Act, 2019 (Act 987) entered into force. An existing electronic money issuer or payment service provider was required to apply for authorisation or a licence under this Act within nine months of t…
SourcePayment Systems and Services Act, 2019 (Act 987) including operational license requirement entered into force with grace period
On 14 May 2019, the Payment Systems and Services Act, 2019 (Act 987) entered into force with a grace period. An existing electronic money issuer or payment service provider shall apply for authorisation or a licence under this Act within nine months…
SourcePayment Systems and Services Act, 2019 (Act 987) including operational license requirement was signed by President
On 13 May 2019, the President signed the Payment Systems and Services Act, 2019 (Act 987) into law. The Act sets a framework for licensing and authorising payment service providers (PSPs) and electronic money issuers (EMIs) in Ghana. To operate, ent…
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