The Bank of Ghana is fast-tracking the development of a regulatory framework for Non-Interest Banking and Finance (NIBF) in Ghana.

This was revealed during a stakeholder meeting between the Bank and representatives of Christian and Muslim faith groups.

The meeting aimed to foster dialogue and collaboration with key religious stakeholders as the central bank moves toward implementing an inclusive financial system that accommodates non-interest-based financial models.

Speaking at the meeting on behalf of the Governor, Advisor to the Bank, Professor John Gatsi, emphasised the importance of NIBF in advancing financial inclusion.

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“This will promote economic opportunity and provide consumers with a broader range of financial products, ensuring fairness and avoiding discrimination,” he said.

He further highlighted the need to align the proposed framework with international regulatory standards, governance structures, and the dual model of integrating NIBF both through windows within existing conventional banks and as standalone institutions.

Faith leaders welcomed the initiative, expressing their appreciation to the Bank of Ghana for involving them in the consultative process.

They acknowledged the importance of inclusive financial policies that respect diverse ethical and religious values.

The meeting forms part of the Bank’s broader efforts to build a robust and inclusive financial system.

On 18th September 2025, a Bank of Ghana team on Non-Interest Banking and Finance (NIBF), led by Prof. John Gatsi, Advisor at the Bank, on behalf of the Governor, Dr. Johnson Asiama, engaged representatives of Christian and Muslim leaders at the Bank Square.

The meeting was… pic.twitter.com/wtPcq4t8nL

— Bank of Ghana (@thebankofghana) September 21, 2025