Despite any provision to the contrary in an insolvency law, any asset of an institution that participates in a system, which, before the issue of an order for the Winding-up or administration of that institution was provided to
(a) the Bank of Ghana; or
(b) the operators of the system designated under paragraph (b) of subsection (1) of section 48, as security in respect of the payment or settlement obligations of the institution, shall be utilised by the Bank of Ghana or by the operators of the designated system to the extent required for the discharge of the payment or settlement of obligations