Some banks, notably Stanbic, have begun sending messages to their clients informing them of a directive from the Bank of Ghana (BoG) that, from July 1, the Ghana Card would be the only identity card accepted at all BoG licensed and regulated financial institutions.
A message to a customer who is yet to update the records, urging him to act quickly, sent by Stanbic on Sunday, June 12 said ”In 20 days , you will not be able to perform transactions without your Ghana Card per the BoG directive.”
CBG also in a message said, ”Please be informed that effective July 1, 2022 the Ghana Card shall be the only identification card that will be accepted for all banking transactions at CBG as directed by the BoG.”
Banks, Specialised Deposit-Taking Institutions, Non-Deposit-Taking Financial Institutions, Payment Service Providers and Dedicated Electronic Money Issuers, Forex Bureaus, and Credit Reference Bureaus are among the BoG institutions that will not accept customers who fail to update their information.
“In furtherance of its objective of ensuring the safety of the financial system, Bank of Ghana pursuant to Regulation 7 of the National Identity Register, 2012 (L.I.2111), hereby directs that with effect from 1st July, 2022, the Ghana Card shall be the only identification card that will be used to undertake transactions at all Bank of Ghana licensed and regulated financial institutions including, i. Banks; ii. Specialised Deposit-Taking Institutions; iii. Non-Deposit-Taking Financial Institutions; iv. Payment Service Providers and Dedicated Electronic Money Issuers; v. Forex Bureaus and Credit Reference Bureaus.
Source: 3news.com
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