FINANCIAL INSTITUTIONS (NON-BANKING) ACT1993 (PNDCL 328)
Section 1-Incorporation of financial institutions
(1) A person shall not carry on any of the activities of the non-bank financial institutions set out in the Schedule unless that institution is incorporated in the Republic.
Section 2-Licences for financial institutions
(1) Subject to the provisions of this Act, a non-bank financial institution shall not carry on any of the businesses set out in the Schedule unless it is licensed under this Act.
Section 3-Minimum capital
A non-bank financial institution shall not be licensed unless it maintains a minimum paid-up capital of one hundred million cedis or the amount of money that the Bank of Ghana may, after consultation with the Minister, by executive instrument, prescribe.
Section 4-Bank of Ghana to issue licence
(1) The Bank of Ghana may issue a licence to a non-bank financial institution which complies with the provisions of this Act relating to application and eligibility for a licence.