The Bank of Ghana has announced a revision of the annual licensing fee for all Specialised Deposit-Taking Institutions (SDIs), effective January 1, 20
The Bank of Ghana has announced a revision of the annual licensing fee for all Specialised Deposit-Taking Institutions (SDIs), effective January 1, 2026.
According to Citi News sources, SDIs will be required to pay GH¢50,000 as their annual licence fee for the 2026 financial year.
The revision, which is consistent with Section 12(2)(b) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), forms part of the central bank’s ongoing efforts to strengthen regulation, enhance oversight, and safeguard financial stability.
The Bank of Ghana has directed all SDIs to comply with the updated fee structure and ensure timely payment. Institutions have also been urged to take note of the change and adhere strictly to the revised requirements.
According to the Central Bank, the revised licensing fee is intended to reinforce regulatory compliance, ensure effective supervision of SDIs, and support the funding of supervisory and regulatory activities.
It is also aimed at strengthening the resilience and integrity of Ghana’s financial system while promoting accountability and safer banking practices to protect depositors.
Post Views: 67
COMMENTS