Trust is the foundation of banking - Governor Asiama
The Governor said the future will belong to institutions that combine innovation with prudence.
Dr. Johnson Asiama, the Governor of the Bank of Ghana, has clarified that non-interest banking is an inclusive financial model, not exclusively for any particular group, religion, or ethnicity. Speaking at the 5th Non-Interest Finance International Conference 2026, Dr. Asiama, represented by his Special Adviser, Professor John Gatsi, debunked misconceptions surrounding the sector.
He emphasized that non-interest banking is a commercial, fair, and transparent system that serves all demographics equally. The conference, organized by the Islamic Finance Research Institute of Ghana, aimed to demystify the model and promote financial literacy. Dr. Asiama highlighted that the Bank of Ghana's regulatory framework for non-interest banking is comprehensive and forward-looking, having received three licence applications for institutions wanting to operate under this model.
He also stressed the importance of non-interest banking in financial inclusion, capital mobilization through instruments like Sukuk, and its potential to contribute to strategic infrastructure development in Ghana. The Governor encouraged stakeholders to explore how non-interest banking aligns with ESG objectives and the Sustainable Development Goals, believing that it can complement the conventional financial system and drive Ghana's socio-economic transformation.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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