Bank of Ghana bans 125 Ghanaians from operating current accounts

Bank of Ghana bans 125 Ghanaians from operating current accounts

The Bank of Ghana (BoG) has barred 125 Ghanaians from further operating current accounts in Ghana.

YEN.com.gh understands that the decision was reached after it was realized that the affected persons constantly issue dud cheques.

The BoG has, in that respect released the full list of people who were found to have engaged in such activities.

A screen shot of a list

Source: adomonline.com

READ ALSO: The 2018 list of most credible banks in Ghana

A screenshot of a list

Source: adomonline.com

In a letter dated November 2, 2018, and signed by the Head of Financial Stability Department of the BoG, Dr Joseph O. France, wrote: “you are directed to debar or cease them from operating current accounts for three years with immediate effect.”

A screenshot of a list

Source: adomonline.com

The list showed the names, the type of identity card used to open the account and number of the identity card of the people involved.

A screenshot of a list

Source: adomonline.com

The BoG further advised all banks to make arrangements to facilitate the recovery of debts such individuals may owe them.

A screenshot of a list

Source: adomonline.com

“We further advise that if they are indebted to your bank, appropriate arrangements should be made with your institution to facilitate recovery,” the letter read.

A screenshot of a list

Source: adomonline.com

The letter added that the affected people may however be allowed to operate savings accounts.

READ ALSO: Communications Ministry fights BoG over Mobile Money data

Ghana News Today: Mortuary Workers to Strike / Madina-Adenta Footbridge Demo | Yen.com.gh

Subscribe to watch new videos

Want to be featured on YEN.com.gh? Send us a message on our Facebook page or on Instagram with your stories, photos or videos

Source: Yen.com.gh

Related news
6-year-old Christopher needs $3,402 for a brain tumor surgery

Christopher is a promising child from Ghana in need of $3,402 for a brain tumor surgery

Christopher is a promising child from Ghana in need of $3,402 for a brain tumor surgery
YEN.com.gh
Mailfire view pixel