As  part of the broader strategy to create an enabling  regulatory environment for convenient, efficient and safe retail payments and funds transfer mechanisms, the Bank of Ghana has consolidated all the various regulations and guidelines into the Payment Systems and Services Act. 10.
In March this year, the Payment Systems and Services  Act 2019 (Act 987) was passed by Parliament as part of the continued efforts to establish a strong payment regulatory framework for the country. In May, the Act was subsequently assented to by, the President of the Republic, reflecting His Excellency’s commitment to the establishment of a modern payments regulatory framework.