BoG Engages Ecumenical Community On Non-interest Banking Framework
The Bank of Ghana (BoG) has engaged members of the Ecumenical Community as part of its ongoing stakeholder consultations and public education on the proposed Non-Interest Banking and Finance (NIBF) framework.
The engagement, held on Monday, August 31, 2026, at the Bank’s headquarters, Bank Square in Accra, was led by the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama.
The consultation provided an opportunity for the central bank to address concerns, clarify aspects of the regulatory framework and improve public understanding of non-interest banking and finance.
Dr Asiama stressed that the NIBF framework is intended to complement conventional banking rather than replace it, offering consumers greater choice within an inclusive and non-discriminatory financial system.
According to him, the initiative is primarily focused on its economic and developmental benefits, including expanding access to financial services, promoting product diversity and enhancing consumer choice.
He also clarified the Bank of Ghana’s role in regulating the sector, stressing that the central bank’s mandate does not involve taking positions on religious beliefs.
“The Bank does not pronounce on religious beliefs; our responsibility is to regulate institutions and products,” he said.
The Governor further emphasised the importance of sustained dialogue with stakeholders as the framework progresses, noting that public education must allow for interaction and feedback rather than being a one-way process.
“Public education cannot be one-way,” he stressed.
-Overseeronline.com
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