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The functions of the clearing house include

(a) facilitating the speedy presentment of cheques, automated debits and credits and other payment instruments among participants;

(b) providing a mechanism for the timely determination of the net settlement positions of the members arising from the clearing process and communicating same to the Bank of Ghana;

(c) retaining records of all clearing items in electronic form; and

(d) performing any other function incidental to paragraphs (a) to (c) that the Bank of Ghana may request or approve.