The Bank of Ghana may disapprove a proposed transfer of shares in the interest of sound and prudent management of a bank by preventing
(a) the acquisition by a person who, in the opinion of the Bank of Ghana, may exercise influence to the detriment of that bank,
(b) the sale or disposal of shares by a promoter or a director, or a person who has a controlling interest which could be detrimental to that bank, or
(c) a transaction in any other situation in which the Bank of Ghana has reason to believe that the transaction will be detrimental to that bank.