(1) The Bank of Ghana may grant access to any system established under paragraph (a) of subsection (1) of section 48 to a bank, a specialised deposit-taking institution or other institution if the Bank of Ghana considers the participation of the bank, specialised deposit-taking institution or the institution is in the interest of the efﬁcient operation of the system.

(2) Where the Bank of Ghana considers that the participation in a system by a bank, specialised deposit-taking institution or an institution referred to in subsection (1) is no longer in the interest of efﬁcient operation of the system, the Bank of Ghana may, by notice in writing to the bank, specialised deposit-takin g institution or the institution, withdraw accessibility from the system of the bank, specialised deposit-taking institution or the institution from the date speciﬁed in the notice.

(3) The Bank of Ghana shall publish the notice speciﬁed in subsection (2) in the Gazette.

(4) The Bank of Ghana shall not withdraw access to a system by a bank, a specialised deposit-taking institution or other institution without giving the bank, the specialised deposit-taking institution or the institution a reasonable Opportunity to make representations to the Bank of Ghana.

(5) For the purposes of this section, “access” means the participation by a bank, a specialised deposit-taking institution or any other institution as a participating member of the system.