40
Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Bank of Ghana has introduced a guideline for the regulation and supervision of Non-Interest Banking (NIB) to solicit comments and inputs from the banking industry and the public, in line with the Bank of Ghana’s procedures for issuance of directives, 2020.
According to the Central Bank, the regulation and supervision of Non-Interest Banking will contribute strategically to the growth of the real sector of the economy, deepen financial inclusion, promote the realisation of the Sustainable Development Goals, and create new banking and finance jobs.
These, it said, align with the Central Bank’s objective of price stability, financial stability and economic development.
Source: newsthemegh.com
