The Ghana Card will, from 1st July 2022, be the only identification card acceptable for undertaking all financial transactions at all Bank of Ghana licensed and regulated financial institutions.
These include banks, specialized Deposit-Taking Institutions, Non-Deposit-Taking Institutions, Payment Service Providers and dedicated Electronic Money Issuers, Forex Bureaus and Credit Reference Bureaus.
This is contained in a directive to all financial institutions by the Bank of Ghana (BoG), which it states is in furtherance of its objective of ensuring the safety of the financial system, pursuant to Regulation 7 of the National Identity Register, 2012, 2012 (L.I. 2111).
“In line with this Notice, Section 30 of the Anti-Money Laundering Act, 2020 (Act 1044) and Regulation 12 of the Anti-Money Laundering Regulations, 2011 (L.I. 1987), all financial institutions shall take steps to update customer records with the Ghana Card.”
“Customers of Bank of Ghana regulated financial institutions are therefore advised to update their records with their respective financial institutions with the Ghana Card in line with this Notice,” a statement issued by BoG states.
Read a copy of the statement below:
Sources: Mypublisher24.com
