Asiama: BoG's focus on Non-Interest Banking and Finance is on its economic and developmental benefits, not religion

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has assured Ghanaians that the country's impending non-interest banking system is not aimed at promoting any particular religion. According to MyJoyOnline Ghana, he made this statement during a meeting with the Christian community in Accra, where he clarified that non-interest banking is a commercial and inclusive financial service open to all Ghanaians, regardless of their religious beliefs.

The Governor explained that the focus of non-interest banking is on its economic and developmental benefits, including wider access to financial services, product diversity, and consumer choice, as reported by 3News. He also stated that the Bank of Ghana's role is to provide a regulatory and supervisory framework for licensed institutions to offer this type of banking, which is non-discriminatory and inclusive.

Dr Asiama acknowledged that there were concerns among some sections of the public that the introduction of non-interest banking was intended to support one faith over others, but he described these concerns as genuine and requiring honest clarification from the Bank. The engagement with the Christian community was an opportunity for the Bank to understand and address any unclear issues and persistent concerns.

Brief written by urgent.news from 3News, MyJoyOnline Ghana — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.