Public Notices
Financial Holding Companies Directive - Exposure Draft for Comments
Friday, 27 July 2018 10:00

The Bank of Ghana has today issued a draft directive on Financial Holding Companies.

 

The directive is intended to facilitate understanding of the requirements for the adoption and operations of a financial holding company in Ghana. It covers the definition and structure of a financial holding company, registration requirements, ownership and control, governance, permissible and non-permissible activities, statutory regulation, as well as supervision.

 

It also seeks to facilitate effective consolidated supervision of the regulated financial institutions and to further engender the safety and soundness of banking system. Under Act 930, existing holding companies that are non-financial in nature must be divested and a financial holding company established as a parent of the bank/SDI and the other financial subsidiaries.

 

The Bank welcomes comments on all aspects of this exposure draft. Comments should be sent to Banking Supervision Department, or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it latest by Friday 10 August 2018.

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