Non-Interest Bank ‘Window’ Dominates Strategic Planning Sessions and Board Meetings of Conventional Banks
On January 13, 2026, the Bank of Ghana published the Guideline to regulate and supervise non-interest banking in Ghana.
This has generated interest among global investors and conventional financial institutions in Ghana as ‘window’ is only reserved for existing financial institutions to roll out non- interest banking products and services.
After the publication of the Guideline which technically does not require existing financial institutions to apply for permit to roll out non interest banking products, about five conventional banks discuss and adopted it their strategic plan adjustments in December and January with some presenting it to their boards for approval to get the legitimacy to apply for license.
Some of the banks are sponsoring their selected staff for study tour of countries with global success story about non- interest banking.
Credible information also revealed that a board subcommittee on business development of one of the largest commercial banks in Ghana is undertaking a business tour to one of the countries with recognized non- interest banking success stories before approval in the first quarter to apply for license.
Capacity building is receiving attention as Chartered Institute of Bankers (CIB) and Association of Certified Chartered Economists (ACCE) have rollout chartered certification program with bankers, accountants and capital market players enrolling.
Indeed, the Bank of Ghana has broadened financial intermediation channels and is diversifying banking jobs in Ghana.
As articulated by prof. John Gatsi, advisor on Non-Interest Banking & Finance at the Bank of Ghana that, banking and financial landscape with experience policy shift in financial inclusion, financial intermediation and financing options to impact the real sector as well as re-engineering capacity building to achieve real financial sector inclusion.
At the 128th MPC meeting of the Bank of Ghana, the Governor, Dr. Johnson Asiama was upbeat about a new environment of banking where non- interest banking products are adding on to the portfolio of banking products for the industry.
