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Home Economy

NIBF will promote financial inclusion, expand consumer choice-BoG

Edzorna Francis Mensah by Edzorna Francis Mensah
September 23, 2025
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Professor John Gatsi, Advisor at the Bank of Ghana has reiterated that Non-Interest Banking and Finance (NIBF) would enhance financial inclusion, broaden economic opportunities, and expand consumer choice—ensuring fairness and non-discrimination when implemented.
According to him, the Central Bank remains committed to fostering a financial system that serves all Ghanaians.
Professor Gatsi made this known on behalf of the Governor, Dr. Johnson Asiama, when he led a team to engage the representatives of Christian and Muslim leaders at the Bank Square on 18th September 2025 on Non-Interest Banking and Finance.
The meeting was part of the Bank’s ongoing stakeholder consultations towards the development of an inclusive regulatory framework for the rollout of NIBF in Ghana.
Discussions touched on international regulatory standards, governance structures, and the establishment of both NIBF windows within conventional banks and fully fledged NIBF institutions.
Leaders of both faith groups expressed appreciation to the Bank for creating space for dialogue and collaboration on this important initiative.

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