Ghana: Payment Systems and Services Act, 2019 (Act 987) including operational license requirement was signed by President
Description
Payment 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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2019-05-13
adopted
2019-05-14
in grace period