(1) The Bank of Ghana may

(a) establish, operate, promote and supervise payment, funds transfer, clearing and settlement systems, subject to the rules that the Bank of Ghana may publish; and

(b) designate any other payment, funds transfer, clearing and settlement systems, operating in the country which the Bank of Ghana considers to be in the public interest for the Bank of Ghana to supervise under this Act.

(2) A designation under paragraph (b) of subsection (1) shall be in writing and addressed to any person the Bank of Ghana identifies as the Operator of the system.