The Ghana Card Will Be Only ID Accepted For Banking Transactions From July 1st, 2022

it was outlined by the Bank of Ghana in a press release that From 1 July 2022, the Ghana Card will be the only form of identification accepted by financial institutions in Ghana.

Users will have to present their Ghana cards at the following institutions to receive service:

• Banks;
• Specialised Deposit-Taking Institutions;
• Non-Deposit-Taking Financial Institutions;
• Payment Service Providers and Dedicated Electronic Money Issuers;
• Forex Bureaus and Credit Reference Bureaus

This measure is put in place by the Bank of Ghana to “know the objectives of your client” ( because the Ghana card will be integrated into the verification transaction platform of the national identification authority as well as at the Bank of the Ghana Financial Monitoring Platform. Monitoring will include but not be limited to transactions by:

• Banks;
• Non-bank Financial Institutions; and
• Mobile Money Operators (MMOs)