(1) The Bank of Ghana may exercise oversight and supervisory powers over

(a) a principal;

(b) an agent; or

(c) a master-agent.

(2) A principal, agent, master-agent, partner, service provider or any entity involved in the provision of agency services shall give access to the Bank of Ghana to review the systems and databases of that principal, agent, master-agent, partner, service provider or entity.

(3) The Bank of Ghana may

(a) request any information from an agent or master-agent;

(b) carry out inspection of the books and premises of an agent or master-agent;

(c) direct an agent or master-agent to take an action or desist from a conduct;

(d) direct a principal to terminate the agency agreement; and

(e) direct a principal to take remedial action arising from the conduct of an agent or master-agent.