Ghana: Payment Systems and Services Act, 2019 (Act 987) including operational license requirement entered into force with grace period
Description
Payment 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…
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
Hide details
2019-05-13
adopted
2019-05-14
in grace period