Ghana’s financial services sector has experienced significant regulatory reforms aimed at strengthening market integrity, enhancing transparency, and fostering innovation. At ELC, we assist clients in navigating this evolving regulatory environment by offering clear, practical, and strategic legal advice to ensure full compliance.
Our regulatory team provides end-to-end legal support across licensing, compliance, corporate governance, and transactional matters, with a strong understanding of the regulatory frameworks set by the Bank of Ghana, SEC, NIC, NHIA, and other key regulators.
Legal advisors to a leading Fintech company in securing an Electronic Money Issuer Licence under the Payment Systems and Services Act, 2019 (Act 987)
Provided legal and compliance advisory to a major telecom subsidiary in Ghana on regulatory requirements for mobile money operations
Regulatory counsel to a commercial bank on the establishment of a financial services innovation hub in Ghana
Advised a leading bank on branch divestitures, in compliance with Ghanaian financial regulatory requirements
Provided legal guidance on participation in the Pan-African Payment and Settlement System (PAPSS) for cross-border payments in Africa
Represented a petroleum sector service provider in a complex tax audit appeal before the Ghana Revenue Authority and Independent Tax Appeals Board
Advised on regulatory compliance for shareholding restructuring in a major health insurance company, ensuring adherence to NHIA rules on local ownership
