(1) For the purpose of regulating the credit system of the country, the Bank of Ghana may

(a) require finance lease companies, generally or a particular company, to furnish the Bank with statements and information or particulars relating to the business of the finance lease companies or that company in the form and at the times specified by the Bank;

(b) give to finance lease companies, generally or to a particular company, directions relating to the conduct of their or its business;

(c) in consultation with the Ministry of Finance, give to finance lease companies, generally or to a particular company, directions regarding acceptance of deposits from the public; and

(d) lay down suitable guidelines for proper supervision and control of the exercise of the power to accept deposits from the public.

(2) Without prejudice to the generality of the power vested in the Bank of Ghana under subsection (1), the statements, information or particulars to be furnished by a finance lease company may relate to all or any of the following matters of the company:

(a) the paid-up capital;

(b) the reserves and any other liabilities;

(c) the share holding pattern;

(d) the investments; and

(e) the persons to whom, and the assets and periods for which leasing is provided and the terms and conditions on which it is provided.

(3) A finance lease company shall furnish the statements, information or particulars called for and shall comply with a direction given to it by the Bank of Ghana;

(4) The Bank of Ghana may, at any time, cause an inspection to be made by one or more of its officers or employees or any other persons, of a finance lease company for the purpose of verifying the correctness or completeness of a statement, an information or the particulars furnished to the Bank of Ghana.