The Bank of Ghana (BoG) has released the Guideline for the Regulation and Supervision of Non-Interest Banking (Exposure Draft), marking a significant step towards introducing Non-Interest Banking (NIB) in Ghana.
The name “Non-Interest Banking” was adopted after extensive consultations with stakeholders, including Christian and Muslim leaders, to ensure inclusivity and neutrality, supporting economic growth, financial inclusion, and sustainable development.
“Non-Interest Banking was chosen to reflect the framework’s broader ethical scope, beyond any single faith tradition after extensive consultations with stakeholders” the Bank explained in a Frequently Asked Questions segment published on its website.
The guideline aims to provide a regulatory framework for NIB, supporting economic growth, deepening financial inclusion, promoting sustainable development, and creating new jobs. It outlines licensing requirements, governance structures, operational standards, and product approval processes for NIB institutions.
Capacity Building:
The central bank has committed to continuous industry capacity building to ensure smooth rollout across the country.
The BoG has already facilitated a number of targeted training programs for stakeholders of the Ghanaian economy and the banking industry.
Also, the Chartered Institute of Bankers (CIB) has launched a certification program focusing on Non-Interest Banking and Finance.
Exposure Draft Framework:
On December 9, 2025, the Bank of Ghana issued the Guideline for the Regulation and Supervision of Non-Interest Banking (Exposure Draft) to solicit comments and inputs from the banking industry and the public, in line with its Procedures for Issuance of Directives, 2020.
The Exposure Draft is made available on the Bank’s website for a period of not less than fourteen (14) days from the date of publication. All comments should be sent to the Bank on or before December 24, 2025.
The guideline provides a framework for regulating and supervising NIB institutions, ensuring financial stability and consumer protection.
It aims to support economic growth, deepen financial inclusion, promote sustainable development, and create new jobs.
