“On Friday, 25 July 2025, the Governor of the Bank of Ghana hosted a high-level engagement with leaders of the clergy at the Bank Square to discuss the Bank’s plans to introduce Non-Interest Banking and Finance in Ghana”.
The session featured a compelling presentation by Professor John Gatsi, Advisor at the Bank, who shared insights on the significance and potential of Non-Interest Banking and Finance in promoting inclusive banking.
As monitored by fmnewsonline.com, the Bank Square in Accra was busy with anticipation. The atmosphere was one of anticipation and hope as the Governor of the Bank of Ghana, Dr. Johnson Asiama, prepared to host a significant gathering—an engagement with the nation’s revered leaders of the clergy. The purpose was clear: to discuss the Bank’s ambitious plans to introduce non-interest banking and finance across Ghana.
As the clergy leaders arrived, they were welcomed warmly by the Bank’s officials, and the atmosphere was one of mutual respect and shared purpose. The session began with a compelling presentation by Professor John Gatsi, an esteemed advisor at the Bank. His insights delved into the transformative potential of non-interest banking, emphasizing how it could foster financial inclusion, uphold Islamic finance principles, and cater to the diverse spiritual and economic needs of Ghanaian society.
Professor Gatsi explained that non-interest banking, rooted in principles of ethical finance and risk-sharing, could open doors for previously underserved communities, offering them access to banking services aligned with their values. His words resonated deeply with the clergy leaders, many of whom saw the potential for this new financial model to serve as a bridge between faith and economic development.
The discussion that followed was vibrant and spirited. Clergy leaders shared their perspectives, highlighting the importance of ethical finance and social responsibility. They expressed their support for initiatives that promote inclusive growth and community development. Several leaders offered insights into how faith-based organizations could collaborate with the bank to implement non-interest financial products that align with religious teachings.
The Governor, Dr. Johnson Asiama listened attentively, acknowledging the vital role that faith and morality play in shaping the nation’s financial landscape. He assured the clergy that the Bank was committed to ensuring that the rollout of non-interest banking would be inclusive, transparent, and beneficial for all Ghanaians.
As the meeting drew to a close, there was a palpable sense of optimism. The collaboration between the Bank of Ghana and the clergy signified a new chapter—one where faith and finance could work hand in hand to foster economic resilience, social equity, and shared prosperity.
With hopes high and spirits inspired, the leaders parted ways, united in their vision for a more inclusive and ethically grounded financial future for Ghana. This historic engagement at Bank Square marked a significant step toward integrating non-interest banking into the fabric of Ghanaian society, guided by principles of fairness, morality, and community empowerment.
