GHANA DEPOSIT PROTECTION (AMENDMENT) ACT, 2018

THE NINE HUNDRED AND SIXTY-EIGHTH ACT OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED GHANA DEPOSIT PROTECTION (AMENDMENT) ACT, 2018 AN ACT to amend the Ghana Deposit Protection Act, 2016 (Act 931), and to provide for related matters. DATE OF ASSENT: 4th May, 2018 PASSED by Parliament and assented to by the President:

Legislation

Table of Content

1. Section 2 of Act 931 amended

2. Section 3 of Act 931 amended

3. Section 6 of Act 931 amended

4. Section 7 of Act 931 amended

5. Section 10 of Act 931 amended

6. Section 13 of Act 931 amended

7. Section 15 of Act 931 amended

8. Section 21 of Act 931 amended

9. Section 24 of Act 931 amended

10. Section 25 of Act 931 amended

11. Section 39 of Act 931 amended

12. Section 40 of Act 931 amended

13. Section 53 of Act 931 amended

14. Section 54 of Act 931 amended

1. Section 2 of Act 931 amended

2. Section 3 of Act 931 amended

3. Section 6 of Act 931 amended

4. Section 7 of Act 931 amended

5. Section 10 of Act 931 amended

6. Section 13 of Act 931 amended

7. Section 15 of Act 931 amended

8. Section 21 of Act 931 amended

9. Section 24 of Act 931 amended

10. Section 25 of Act 931 amended

11. Section 39 of Act 931 amended

12. Section 40 of Act 931 amended

13. Section 53 of Act 931 amended

14. Section 54 of Act 931 amended

Section 1

1. Section 2 of Act 931 amended

The Ghana Deposit Protection Act, 2016 (Act 931), referred to in this Act as the "principal enactment", is amended by the substitution for section 2, of 2. "Establishment of the Scheme (1) There is established by this Act, a Deposit Protection Scheme referred to in this Act as the "Scheme". (2) The mandate of the Scheme is to be a pay-box."

Section 2

2. Section 3 of Act 931 amende

The principal enactment is amended in section 3 by the substitution for paragraph (b), of "(b) support the development of a safe, sound, efficient and stable market-based financial system in Ghana by ensuring prompt payouts to insured depositors on the occurrence of an insured event.".