No Ghana Card, No Banking Service (Financial) Effective July 1

No Ghana Card, No Banking Service

Do you know that per the BOG directive, banks will start a No Ghana Card, No Banking Service (Financial) effective July 1?

Following the Bank of Ghana (BOG) directive, the Ghana Card will be the ONLY ID card for financial transactions from July 1.

This is the latest update to all citizens and non-citizens of Ghana ahead of the implementation of the above directive from the Bank of Ghana.

Customers of all banks have been advised by their respective banks via text messages to present their Ghana cards as a means of identification when they visit any banking office to access financial services.

Commercial and retail banks provide basic banking services and products to the public, both individual consumers and small to mid-sized businesses. These services include checking and savings accounts, loans and mortgages, basic investment services such as CDs, as well as other services such as safe deposit boxes.

What Do Retail Banks Do?
  • Transferring money between personal banking accounts (transacting banking)
  • Providing a retail banking customer with a loan.
  • Issuing debit cards and credit cards.
  • Exchanging monies (foreign exchange services)
  • Providing financial advice on investments and savings.

The message sent by one of the commercial/retail banks to its customers read…

Dear Customer,

Following the BOG directive, the Ghana Card will be the ONLY ID card for financial transactions from July 1. Please remember to present it when you visit our branches. You may also call your RM to update your records or visit any *** branch. Call *********** for more.

In a related development, the National Identification Authority (NIA) has apparently made plans to embark on a mass registration for the much important Ghana Card.

The NIA has made its intentions known through a press statement released with the appended signature of the acting Head of Corporate Affairs, Abudu Abdul Ganiyu, on Friday, February 18, 2022.

READ: Mass Ghana Card Registration by NIA Next Week

The select locations for the mass registration include; the Accra Sports Stadium, El-Wak Sports Stadium in Accra, Kumasi Sports Stadium, Ghana National Fire Service (Regional Office) in Cape Coast, and the Tamale Sports Stadium with the El-Wak Stadium as the only premium location where any kind of registration fee will be charged.

READ: Fuel Prices to break 8,Transport operators announce 30% increase in fares

All customers of banks must take note of the No Ghana Card, No Banking Service (Financial) Effective July 1 directive and register for their Ghana card during the Mass Ghana Card Registration window.

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