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(1) The Bank of Ghana shall, for the purpose of supervision, require a principal to submit any information or data relating to its assets, liabilities, income, expenditure affairs or any other matter that the Bank of Ghana may require.

(2) The Bank of Ghana may determine the

(a) details of the information required;

(b) form in which the information is to be reported; and

(c) period within which the report is to be returned to the Bank of Ghana.

(3) The Bank of Ghana may impose an administrative penalty of five hundred penalty units on a principal for

(a) non-submission,

(b) incomplete submission, or

(c) inaccurate submission,

of the required information, data, statement or returns and for each day that the default continues a further administrative penalty of fifty penalty units in respect of the default.