Ghana - Renewal of Capital Goods Finance Company License

Advertisement

Procedure

Apply In-Person:

1. To Renewal of Capital Goods Finance Company License in Ghana, the applicant has to approach the Bank of Ghana. Contact link
2. Application form for renewal of capital goods finance company license is available in Bank of Ghana.
3. Applicant should obtain the application form from BOG
4. The applicant should enter all the details in the application form.
5. Information related to the BOG office and the License authority can be obtained from the “Office locations and contacts” section of this page.
6. The applicant has to make sure that he or she has all the required documents that are required for this process to be successful and they can be found under the "Required Documents" section of this page.
7. Payment of appropriate fees should be made and that can be found under the "Fees" section of this page.
8. The completed application should be submit to the respective office.
9. If all the above mentioned procedures were followed properly, the applicant can get their license within one month by visiting the office or via post.
10. If there is no information regarding the application, then the applicant can visit the office to know the status of the application.
11. The processing time for this procedure takes one month.

Advertisement

Required Documents

Submission of:

• Renewal application form
• Registration Certificate from other recognized bodies as may be applicable.
• Tax clearance certificate from Ghana Revenue Authority (GRA).
• Macroeconomic analysis document
• Financial sector analysis Document
• Evidences of payment of fee

Office Locations & Contacts

Bank of Ghana
Head Office, Accra
Contact Details:
One Thorpe Road
P.O. Box GP 2674, Accra
GQVV+6J Accra, Ghana
Email: [email protected]
Phone Numbers: +233-30-2666174 – 6 / +233-30-2666361 – 5 / +233-30-2666902 – 8 / +233-30-2666921 – 5
Fax:+233-30-2662996

Cedi House (Head Office Annex)
Phone Number:+233-30-2665252

Hohoe Office
P.O. Box 116, Hohoe
Contact number: +233-35-2222045/ +233-35-2222122

Kumasi Office
P.O. Box 1989, Kumasi
Phone Numbers:+233-32-2022551/ +233-32-2023944 / +233-32-2024807

Sunyani Office
P.O. Box 598, Sunyani
Phone Numbers:+233-36-2027161 / +233-36-2027260

Tamale Office
P.O. Box 340, Tamale
Phone Numbers:+233-37-2022130 / +233-37-2022664 / +233-37-2022982

Takoradi Office
P.O. Box 532, Takoradi
Contact number: +233-31-2024035 / +233-31-2024372
Contact link
Location link

Eligibility

• No person other than a body corporate incorporated in Ghana shall be eligible to apply for a Renewal of Capital Goods Finance Company License.

Fees

• Non-refundable processing fee: GHS1,000.00

Validity

• Banking Business license validity is 18 months.

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time for this procedure takes one month.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant should provide genuine information while applying for renewal.
• Applicant must follow all the instructions provided by the concerned authorities properly.

Required Information

• The name of the company
• The company's objects or authorized business
• That the company can enter into a legally binding agreement
• The name of the first directors of the company
• That the powers of the directors are limited in accordance with the law
• The number of shares in which the company is registered
• The number of shares each subscriber will own on incorporation and the amount payable for the shares
• A declaration that the liability of the members of the company is limited
• A business plan and financial projections (income statement, balance sheet, and cash flow) for the first five (5) years of operations.
• Details of assumptions upon which the financial projection has been made.
• Name of the Applicant
• Address of the Applicant
• Location of capital goods finance business
• License Number
• Other information that relates to the viability of the business.
• Information on capital and documentary evidence of sources of funds.
• Information on other matters that applicant considers relevant for the determination of the application and
• Such other additional information or particulars which the Bank of Ghana deems appropriate or may require for the determination of the application.

Need for the Document

• Renewal of Capital Goods Finance Company license is necessary to carry out a business related to capital goods in Ghana.

Information which might help

• The Bank of Ghana may refuse an application for a renewal licence to carry on Capital Goods Finance Company if the Bank of Ghana is not satisfied with the merits of the application or in view of prevailing conditions in the banking sector or in keeping with its banking policy.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.