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(1) The Bank of Ghana may, in supervising a system established or designated under subsection (1) of section 48,

(a) demand information as to the operation of the system from the operator of the system;

(b) inspect the premises, equipment, computer hardware, software, any communication system, books of accounts, and any other document or electronic information which the Bank of Ghana may require in relation to the system;

(c) direct changes to be made to the terms of any rules, agreements or practices under which the system is operated in the interest of the public;

(d) direct changes to be made to the rules concerning access to the system in order to ensure that the system is Operated efficiently and in the interest of the public; and

(e) exercise other powers prescribed by Regulations.

(2) An operator of the system shall comply with the directives of the Bank of Ghana given under subsection (1).

(3) The Bank of Ghana shall treat as confidential, information and documents obtained by the Bank, under subsections (1) and (2) subject to such disclosure as the Bank of Ghana may consider necessary in the public interest.

(4) An operator who contravenes a provision of subsection (1) commits an offence and is liable on summary conviction,

(a) in the case of an individual, to a fine of not less than one thousand penalty units and not more than five thousand penalty units or to a term of imprisonment of not less than four years and not more than ten years or to both, and

(b) in the case of a body corporate, to a fine of not less than two thousand penalty units and not more than seven thousand penalty units.