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(1) A bank or specialised deposit-taking institution shall exhibit at each of its branches or agencies in a conspicuous place throughout the year, a copy of the last audited financial statement in respect of the operations of the bank or specialised deposit-taking institution.

(2) A bank or specialised deposit-taking institution shall

(a) in the case of a bank not later than three months after the end of its financial year; or

(b) in the case of a specialised deposit-taking institution not later than four months after the end of each financial year, furnish the Bank of Ghana with a copy of its audited financial statements together with the auditor’s statutory and long form audit reports; and cause the financial statements together with the auditors’ reports to be published on its website if any and in at least two daily newspapers of national circulation.

(3) A bank or specialised deposit-taking institution which fails to comply with this section is liable to pay to the Bank of Ghana, an administrative penalty of not more than one thousand penalty units. Powers of Supervision and Control