(1) Where the Bank of Ghana is satisfied that a person has obtained moneys in contravention of section 6, the Bank of Ghana shall, in writing, instruct that person to

(a) repay all the moneys obtained and profits accrued,

(b) return  assets  acquired  as  a  result  of  the  illegally  obtained moneys or deposits, or

(c) Pay any interest or other amounts which may be owing by that person in respect of those moneys, to the respective persons from whom the moneys were obtained.

(2) A person required to comply with the instructions of the Bank of Ghana under subsection (1) shall comply

(a) in the manner determined by the Bank of Ghana; and

(b) within  the  period  determined  by  the  Bank  of  Ghana  and specified in the instruction.

(3) A person who fails to comply with an instruction under sub-sections (1) and (2) shall be deemed bankrupt or unable to pay the debts and the Bank of Ghana may apply to the High Court for the winding-up, or for the sequestration of the estate of that person.

(4) Subsections (1), (2) and (3) do not affect the criminal liability of a person under this Act.