Print Options

(1) The Board shall meet at least once every two months for the despatch of business at the times and in the places determined by the chairperson. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(2) The chairperson shall at the request in writing of not less than one-third of the membership of the Board convene an extraordinary meeting of the Board at the place and time determined by the chairperson. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(3) The quorum at a meeting of the Board is seven members of the Board including the Governor or a Deputy Governor. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(4) The chairperson shall preside at meetings of the Board and in the absence of the chairperson, the First Deputy Governor shall preside and in the absence of the Governor and the First Deputy Governor, the Second Deputy Governor shall preside. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(5) Matters before the Board shall be decided by a majority of the members present and voting and in the event of an equality of votes, the person presiding shall have a casting vote. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(6) The Board may co-opt a person to attend a Board meeting but that person shall not vote on a matter for decision at the meeting. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(7) The validity of proceedings of the Board shall not be affected by a vacancy in the membership or a defect in the appointment or qualification of a member of the Board. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]

(8) Subject to this section, the Board shall determine the procedure for its meetings. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.10]