The Ghana Association of Banks (GAB) has ensured that despite the completion of the period given clients of money related associations to revive their data with the Ghana Card, they will really need to anyway finish monetary trades even without the card.
The order with respect to the update of the data of clients of money related foundations was given by the Bank of Ghana on January 19, 2022.
As demonstrated by the command, all approved and coordinated money related associations under the Central Bank, are to recognize only the Ghana Card for trades from July 1, 2022.
Per the notice from the Central Bank, the move is in advancement of the Central Bank's prudent of ensuring the security of the financial natural framework.
Associations that are supposed to recognize only the Ghana card for money related trades consolidate Banks, Specialized Deposit-Taking Institutions; Non-Deposit-Taking Financial Institutions; Payment Service Providers and Dedicated Electronic Money Issuers, Forex Bureaus and Credit Reference Bureaus.
While different accomplices in Ghana's monetary industry welcomed the move by the Bank of Ghana, saying it will truly take a gander at blackmail and sanitize the country's financial system, others were somewhat wary and stressed over the predetermination of their merited backings especially as some were endeavoring to get the Ghana card.
John Awuah is the CEO of the Ghana Association of Banks, and he ensures that no matter what the Ghana Card, Ghanaians can regardless hug banking trades.
"Expecting you have your Ghana Card anyway for one clarification or the other you haven't had the choice to revive your record, you don't have to stretch. Whenever you decide to execute a trade and you produce your Ghana Card, at that stage, your bank can revive your record, and you should have the choice to execute. To be sure, even in conditions where you don't have the Ghana Card, maybe for some mysterious reason, it is completely impossible for you to get it now, you will continue to attempt your trade as you've commonly wrapped up. Mostly, perhaps the bank could ask you a couple of extra requests, and some level of overhauled expected degree of buy-in will be embraced. Whether or not you have a Ghana Card, the record and money in it remain yours, subsequently the bank will not keep you from drawing nearer."
He meanwhile requested that Ghanaians take the necessary steps to get their Ghana Cards if they haven't and update their records to ensure their resources get an extra layer of affirmation.
"It's to our most noteworthy benefit considering the extra security incorporates that the Ghana card has, which will go very far to ensure the prosperity and holiness of banking trades."
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