The Bank of Ghana (BoG) has cautioned banks against photocopying Ghana Cards for banking transactions.
The central bank noted that biometric verification must be the standard for identity authentication.
According to the bank, photocopying Ghana Cards for customer verification is not an acceptable practice.
It said this directive aligns with the National Identity Register Regulations, 2012 (L.I. 2111) and is also aimed at addressing the growing risks associated with outdated verification methods such as lookup lists and visual inspections.
Deputy Head of Office under the Financial Integrity Office of BoG, Mr. Ashitei Trebi-Ollennu, who issued the caution, said, “We have never said that banks should photocopy Ghana Cards. Photocopying leaves room for fraud and compromises the integrity of transactions.”
He admonished the banks to authenticate identities directly through the biometric verification system linked to the National Identification database since that will ensure a secure and reliable financial ecosystem.
He made the remarks at a stakeholder engagement in Accra, organised by Identity Management Systems II (IMS II) Ltd. in collaboration with the National Identification Authority (NIA).
The event was under the theme “Protect Every Transaction with Biometric Verification.”
It brought together the Bank of Ghana, the Ghana Association of Banks, the National Identification Authority, and representatives from the 25 universal banks in Ghana to discuss the critical role of identity verification in securing financial transactions.
By: Rainbowradioonline.com/Ghana
