Explanatory Notes to Outsourcing Directive
Pursuant to Section 92(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), as well as Section 84 of the Development Finance Institutions Act, 2020 (Act 1032), the Bank of Ghana (BOG) has issued the Outsourcing Directive in November 2024 following consultation with the banking industry (herein called “the industry”) as well as the IMF Resident Advisor.