BoG has reiterated its dedication to building a strong NIBF ecosystem.

The Bank of Ghana has restated its commitment to developing a vibrant non-interest banking and finance (NIBF) ecosystem, underlining that the model will widen access to ethical and asset-backed lending solutions in the country.

Speaking on behalf of the Governor, Dr Johnson Asiama, the Head of Banking Supervision, Ismail Adam, said the central bank has reached a vital stage in its preparations following an intensive and inclusive consultation process with key stakeholders.

According to him, both Christian and Muslim groups have decided to embrace the term “non-interest banking and finance” to reflect Ghana’s secular financial climate and secure broad national support.

Source: newsthemegh.com