Licensing Policy & Guidelines
Tuesday, 12 March 2019 16:24


Since 2003, Universal Banking has replaced the three-pillar banking model – development, merchant and commercial banking. It has levelled the playing field, and opened up the system to competition, product innovation and entry. With improved macroeconomic conditions and prospects, the industry has grown into 23 banks, diversified in geographical origin, corporate character and reach in the global financial markets. The licensing policy of the Bank of Ghana will continue to pursue the underlying objectives of establishing a unique and rich banking tradition. At this stage the entry of foreign banks would be limited to truly internationally active financial institutions.

Guidelines for:

1. Banking Licenses
 Download PDF Version for Class I Banks
Download PDF Version for Class II Banks
2. Opening Representative Offices of Foreign Banks
Download PDF Version
3. Banking Licenses - Rural and Community Banks
 Download PDF Version
4. Savings and Loans/Finance Houses Licenses
Download PDF Version
5. Non-Bank Financial Institutions
Download PDF Version
6. Credit Reporting Bureau
Download PDF Version
7. Personality Notes Form
Download PDF Version
8. Microfinance Institutions (License Requirements)
 Download PDF Version
9. Microfinance Institutions (Operating Rules & Guide) 
Download PDF Version
10. Revised Forex Bureau Regulations  Download PDF Version
11. Registry Rules under the Borrowers and Lenders Act  Download PDF Version