Application for SDI Licence with Directive
We wish to apply for licensing for operations as an SDI prior to submitting a Class 1 Banking application at a point to be determined in the future.
At a Glance
Financial literacy programme
We are not a big bank and we are not designed to extract ‘value’ from our customers for our shareholders. We act in service to those that choose to store their money with us and we take that responsibility with the upmost seriousness.
Requested Exemption
Reference: Banks & Specialised Deposit Act 2016
Section 18
(4) The Bank of Ghana may, by directive, restrict the permissible activities of banks or specialised deposit-taking institutions in general, or a class of specialised deposit-taking institutions or remove a restriction imposed as the Bank of Ghana considers appropriate.
Pursuant to Clause 4, we wish to apply for discretionary permission to comply with the Foreign Exchange Act, 2006 (Act 723) to provide services in foreign currencies.
