The Bank of Ghana has breaking the news that in respect ensuring safety in the financial system, only the National Identification Card also known as Ghana Card will be used for all bank transactions starting from July 2022.
This implies that, all forms of identification such as passport, voters ID, National Health insurance Card and what have you, will not be accepted as far as bank transactions are concerned.
Sandra Thompson who is the secretary of BoG in a statement said that, "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's with effect from 1st july, 2022, the Ghana Card shall be the only identification card that will be to undertake transactions at all Bank of Ghana licensed and regulated financial institutions".
What are your thoughts on this new directive by BoG.
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