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Banking In Ghana Every Ghanaian to get a bank account in 2018 - Bawumia

The Vice President, Dr Mahamudu Bawumia who disclosed this said that the move is to ensure a digitized economy in Ghana.

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The government will from 2018 ensure that every Ghanaian has a bank account.

The Vice President, Dr Mahamudu Bawumia who disclosed this said that the move is to ensure a digitized economy in Ghana.

The vice president was speaking at the official opening of the 2017 Innovation Week organised by the Kofi Annan-India Centre of Excellence in Accra.

READ ALSO: There are too many banks in Ghana – Barclays MD - Pulse.com.gh

He indicated that over 70 percent of the country’s population do not have bank accounts.

The government’s move is, therefore, to reverse the trend.

Small business owners and traders have often outlined a number of reasons for shunning banks.

READ ALSO: These banks will give you a loan for ... - Pulse.com.gh

Many say that this is due to the cumbersome procedures involved in opening accounts and the high interest rates charged on loans.

Others also do not also trust the banking system and complain of difficulty in accessing funds.

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