(1) The Payment Systems Advisory Committee shall meet at least twice in a year for the despatch of business at the times and places determined by the chairperson.

(2) The chairperson shall at the request in writing of not less than one—third of the membership of the Payment Systems Advisory Committee convene an extraordinary meeting of the Committee at the place and time determined by the chairperson.

(3) The quorum at a meeting of the Payment Systems Advisory Committee is six members of the Committee or a greater number determined by the Committee in respect of a particular matter.

(4) The chairperson shall preside at meetings of the Payment Systems Advisory Committee and in the absence of the chairperson, the alternate of the chairperson shall preside.

(5) Matters before the Payment Systems Advisory Committee 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.

(6) The Payment Systems Advisory Committee may co-opt a person to attend a meeting of the Payment Systems Advisory Committee but that person shall not vote on a matter for decision at the meeting.

(7) The validity of any proceedings of the Payment Systems Advisory Committee shall not be affected by any vacancy among its members or by any defect in the appointment of any of the members.

(8) The Payment Systems Advisory Committee shall, subject to this Act, regulate the procedure for its meetings.

(9) Members of the Payment Systems Advisory Committee shall be paid allowances approved by the Bank of Ghana.