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Wednesday, November 11, 2026

BoG Clarifies Role of Next-of-Kin in Bank Account Access

However, to access the funds after the account holder’s death, one must be named as a beneficiary in the deceased’s will or go through legal processes.

The Bank of Ghana (BoG) has made it clear that being designated as the next of kin on a bank account does not grant automatic access to the account holder’s funds in the event of the account holder’s death.

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