Non-interest banking will not replace conventional banking – Dr Johnson Asiama

Johnson Asiama The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has assured Ghanaians that the introduction of non-interest banking will not replace conventional banking but will instead provide an alternative financial option.

Dr Asiama also assured the clergy that non-interest banking institutions would be subjected to regulatory controls designed to protect depositors and the stability of Ghana’s financial system.

His comments come amid concerns in sections of the Christian community about the introduction of non-interest banking and whether the framework could give one religion an advantage within Ghana’s financial system.