Skip to main content

Rural Banks to accept Ghana Card as primary source of identification

 


The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says it is working with the relevant authorities to ensure that the National Identification Card is accepted at Rural Banks across the country as a valid form of identification.

For some time now universal banks in the country have been engaging the National Identification Authority and the Bank of Ghana, for the National ID card to be used as a primary source of identification for conducting banking transactions

In an interview with Citi Business News, the Acting Managing Director of ARB Apex Bank, Alex Kwasi Awuah, noted that rural banks across the country are ready to support the use of the Ghana Card as a primary source of identification for financial transactions.

I can say that work is being done. We are in discussions with the relevant institutions that are introducing the card. I believe that in the nick of time, we will all come to a conclusion on the way forward.”

But it is important to note that we cannot escape the national identification system because that is the way to go. Today in all institutions, especially government institutions, the National ID is what is going to be recognized, and we are also part of the process. We are in discussions with the relevant institutions so we can use it,” he added.

‘No Ghana card, no salary’ directive to government workers suspended

The Controller and Accountant General’s Department (CAGD) has rescinded its decision not to pay public sector workers if they do not have a Ghana card.

Government workers risked forfeiting their December 2021 salaries per an initial directive from the CAGD.

The move was said to be part of the government of Ghana’s efforts to deliver a speedy, secured, and verified payroll service to government employees and pensioners while reducing the risk of undeserving payments or claims.

But the government through consultations with the Ministries of Employment and Labour Relations, Finance, and the Account General have backtracked over concerns raised by labour unions.

In a communiqué issued after a joint meeting on Tuesday, October 19, 2021, the two Ministries have asked the CAGD to “port the names of public sector workers in their existing databases onto the NIA platform and thereafter inform the various institutions of any unregistered staff that may exist.”

With this latest intervention, the December ultimatum given to workers on the government payroll to acquire Ghana cards before receiving their pay is no longer going to take effect.

However, state institutions have been advised to encourage their staff members to register with the National Identification Authority (NIA) to secure the Ghana card as soon as possible.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...