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(1) The Bank shall have a Banking Supervision Department for the supervision of banks and specialised deposit-taking institutions. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.23]

(2) The Bank shall designate an officer as the head of the Banking Supervision Department created under subsection (1). [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.23]

(3) The head of the Banking Supervision Department shall be appointed by the Board in accordance with section 23. [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.23]

(4) The Board shall

(a) establish other supervisory structures necessary for the effective performance of functions under subsection (1); and

(b) delegate a specified supervisory function to a supervisory body created in accordance with paragraph (a). [Substituted by Bank of Ghana (Amendment) Act, 2016 (Act 918) s.23]