Bank of Ghana engages religious leaders on non-interest banking and finance

The Bank of Ghana (BoG) has engaged some Christian and Muslim leaders on Non-Interest Banking and Finance (NIBF) in Accra as the central bank develops regulatory framework for the rollout of the NIBF in the country.

A statement issued by the BOG said Professor John Gatsi, the Advisor at the BOG on behalf of the Governor, Dr Johnson Asiama, engaged the representatives at the Bank Square.

It explained the meeting was part of the Bank’s ongoing stakeholder consultations towards the development of an inclusive regulatory framework for the rollout of NIBF in Ghana.

Discussions centered on international regulatory standards, governance structures, and the establishment of both NIBF windows within conventional banks and fully fledged NIBF institutions.

“The NIBF will enhance financial inclusion, broaden economic opportunities, and expand consumer choice, ensuring fairness and non-discrimination,” the statement quoted Prof Gatsi.

It said: “Leaders of both faith groups expressed appreciation to the Bank for creating space for dialogue and collaboration on this important initiative” and stressed the Bank’s commitment to fostering a financial system that serves all Ghanaians.

Source: GNA

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