Bank of Ghana Issues New Corporate Governance Guidelines for Payment Service Providers

Major provisions in the guidelines cover board composition and responsibilities, board committees and governance framework, appointment and eligibility criteria for Directors and Key Management Personnel, board meetings and evaluation, disclosures, compliance and reporting obligations.

Regulated entities are advised to conduct a thorough governance gap analysis to ensure compliance with the new guidelines by the effective date.

For further clarification, contact TEMPLARS Partner, Sarpong Odame, Senior Associate, Aasiya Sarku Nettey or Associate, Matilda Sarpong.