Discussions held among the various banks in Ghana, represented by the Ghana Association of Bankers, the National Identification Authority (NIA), and the Bank of Ghana (BOG), have settled on a mutual agreement that only the National Identification card (Ghana Card) will be the primary source of all documentations within the banking sector not far from now. This according to them is in accordance with the laws of the land.
The discussions has reached an advanced stage and a roadmap on when this decision will take full effect will be designed and subsequently disseminated to the general public very soon.
Speaking to Joy Business on Wednesday, May 19, 2021, the Chief Executive Officer of the Ghana Association of Bankers, John Awuah said that all banks in Ghana will soon communicate to their respective customers about the usage of only the National Identification card as the primary source of documentation for banking transactions within the financial sector.
Responding to the many challenges posed by this National ID card policy proposal he noted, among other things, that the system will commence with a parallel system. That is to say that the old system will continue to operate alongside the new system until such a convenient time when the new system will take full effect.
"In order to cater for the initial challenges that comes with the new system, we will operate a parallel system. But when the grace period is over, the law says only the National Identification card becomes the primary document and/or card for entering information of customers in banking transactions," Mr John Awuah noted.
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