BoG Engages on Framework for Non-Interest Banking and Finance
The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has held discussions with representatives of various Islamic groups, led by the Office of the National Chief Imam, as part of broader consultations towards the introduction of non-interest banking and finance in Ghana.
The meeting, held on September 3, 2025, at the Bank’s headquarters in Accra, forms part of regulatory efforts to expand financial inclusion and develop alternative financing structures in the domestic banking sector.
Dr Asiama told the gathering that the establishment of Islamic finance would not only serve faith-based communities but also broaden access to credit and investment products. “Non-interest banking will expand financial inclusion and create opportunities for all,” he said.
Sheikh Arimiyawo Shaibu, spokesperson for the National Chief Imam, underscored the economic potential of the initiative, noting that Islamic finance should be viewed primarily as a business opportunity rather than a religious matter.
Earlier this year, Dr Asiama announced that Professor John Gatsi, an advisor to the Governor, had been tasked with leading a technical team to develop the framework for non-interest banking and finance in Ghana.
