Ghana Card has once again been positioned as a vital weapon in the battle against financial sector fraud.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Card has once again been positioned as a key tool in the fight against fraud in the financial sector, as government announces new measures targeting money laundering and related financial crimes.

In a joint move, the Bank of Ghana (BoG) and the Financial Intelligence Centre (FIC) have introduced stringent requirements mandating foreign exchange bureau operators to demand a valid Ghana Card from customers before conducting transactions.

The measures form part of the Anti-Money Laundering, Combating the Financing of Terrorism and Combating the Proliferation Financing (AML/CFT/CPF) Guidelines for Foreign Exchange Bureaux, which took effect immediately upon their issuance in September 2025.

Source: newsthemegh.com