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Banks To Soon Adopt Only National ID Card As Primary Source of Identification

  Banks will soon adopt only the National Identification card as the primary source of documentation for banking transactions. This follows discussions between the banks, represented by the Ghana Association of Bankers, the National Identification Authority and the Bank of Ghana. The discussion is said to have reached an advanced stage and a roadmap on when the decision will take effect will be crafted shortly. Chief Executive of the Ghana Association of Bankers, John Awuah told Joy Business the banks will soon communicate to customers about the usage of only the National ID card as the primary source of documentation for banking transactions.

Banks To Soon Adopt Only National ID Card As Primary Source of Identification

  Banks will soon adopt only the National Identification card as the primary source of documentation for banking transactions. This follows discussions between the banks, represented by the Ghana Association of Bankers, the National Identification Authority and the Bank of Ghana. The discussion is said to have reached an advanced stage and a roadmap on when the decision will take effect will be crafted shortly. Chief Executive of the Ghana Association of Bankers, John Awuah told Joy Business the banks will soon communicate to customers about the usage of only the National ID card as the primary source of documentation for banking transactions.

Ghana loses 6 billion dollars yearly in mining sector —Dr Abdallah Ali-Nakyea

Ghana loses 6 billion dollars yearly in mining sector Dr Abdallah Ali-Nakyea April 30, 2021 • Dr Abdallah Ali-Nakyea Curbing illicit financial flows will be one of the surest ways for the government to raise money to fund the budget and other development projects, Dr Abdallah Ali-Nakyea, Senior Lecturer of University of Ghana Law School, has said. He alleged that in the mining sector alone, the government lost $6 billion every year to illicit financial flows through transfer pricing and under invoicing. Speaking at the Multi-Stakeholder Business Integrity Forum organised by the Ghana Integrity Initiative (GII), the local chapter of Transparency International, Dr Ali-Nakyea, said there would be no need for government to borrow to meet the financial needs of the country if illicit financial flows from the country was nipped in the bud.

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