PART 3: GRIEVANCE PROCEDURES, FOREIGN PARTICIPATION AND LICENSING REQUIREMENTS GRIEVANCE PROCEDURES UNDER THE PAYMENT SYSTEMS AND SERVICE ACT 2019 As indicated in the previous post, the Bank of Ghana has the power to reject an application for authorisation or
Adwoa E. Paintsil* PART 2: THE OVERVIEW OF THE PAYMENT SERVICE ACT THE PAYMENT SYSTEMS AND SERVICES ACT 2019 (ACT 987) The Payment Systems and Services Act 2019 (Act 987), which repeals the previous Payment Systems Act passed in 2003 (Act 662), was
PART 1: DEVELOPMENT OF FINTECH INTRODUCTION On 21st March 2019, Ghana passed the Payment Systems and Services Act 2019 (Act 987), as part of her initiatives to digitise her economy. The 2024 Cash-lite Agenda by the Bank of Ghana is to Foster efficient
By Kwabena Frimpong Mensah Esq.* INTRODUCTION Disputes and in effect litigation, are aspects of life that have been in existence since the days of old. The earliest form of a dispute is seen in the Bible in Genesis Chapter 13 versus 5-8 where a dispute arose
Kwabena Frimpong Mensah Esq. and Enyimnyam Paintsil Esq. 1. INTRODUCTION With the onset of the novel Coronavirus (Covid-19) pandemic[1] across the world, life as we know it has come to a virtual standstill. Every sector of the global economy has been hit,
Bobby Banson Esq. FCIArb INTRODUCTION Globally, there has been an upsurge of persons being victims of sophisticated crimes perpetrated through the means of the internet. Credit Card frauds, impersonation, hacking into bank accounts are but just a few of the
The African Free Trade Area Agreement (AfCTAA) created the world's current biggest free trade area. Perceived by the World Bank to boost growth in the Continent, Member States continue to watch as the events unfold.
Enyimnyam Paintsil Esq. On Friday 2ND August 2019, His Excellency Nana Akuffo-Addo, President of the republic of Ghana gave his assent to the new Companies Act, Act 992, replacing the old Companies Act of 1963. The new Companies Act, Act 992 undoubtedly will
Ghana by Bobby Banson Kwame Appiah Oduro AINTOINETTE WINNIE ESSILFIE JEDIDIAH Y WILLIAMS AMA ASARE KORANG ADWOA E. O. PAINTSIL & This monograph is up-to-date as of Month and year 2018 Authors The Authors The Authors Bobby Banson Esq, MCIArb Bobby Banson
Bobby Banson, ESq FCIArb *The Author is the lead Consultant of Smith & Adelaide Law, Unit B804, The Octagon INTRODUCTION Every day, new Companies are registered at the Registrar General’s Department of Ghana. Statics available at the time of