(1) A person who is authorised by the Bank of Ghana to examine, investigate or for any other purpose, shall have a right of access to the books and records of the bank, specialised deposit-taking institution, financial holding company or any other member of the financial group.

(2) For the purpose of subsection (1), the books and records include documents, minute books, customer files, personnel files, cash and securities and information in an electronic medium.

(3) The bank, specialised deposit-taking institution, financial holding company or any other member of the financial group shall cooperate and assist that person.

(4) A person who is authorised by the Bank of Ghana to examine, investigate or for any other purpose, may call upon,

(a) a director, key management personnel or any other employee of a bank or specialised deposit-taking institution or financial holding company;

(b) any other member of the financial group;

(d) a person whom the relevant entity has outsourced any of its functions; or

(e) a person with information regarding the relevant entity to promptly furnish that authorised person with any information and explanation which that authorised person may consider necessary.

(5) A person who is requested to provide information or an explanation under subsection (4), shall comply with the request.

(6) A person who is authorised by the Bank of Ghana may, if that person considers it necessary in the course of an examination or investigation, order any person mentioned in subsection (4), orally or in writing, to attend before that authorised person and testify in relation to a matter under examination or investigation and the official or employee shall comply with the order.

(7) A person who fails to comply with a provision of this section is liable to pay to the Bank of Ghana an administrative penalty of not more than one thousand penalty units