The Bank of Ghana (BoG) has clarified that non-interest banking in the country is not linked to any religion and can be used by anyone who chooses to do so.
It explains that under its new guidelines on Non-Interest Banking in Ghana, opening or operating a non-interest bank account is completely optional, and both individuals and businesses are free to participate if they wish.
To reinforce inclusivity, the central bank noted that it has prohibited Non-Interest Banking Institutions (NIBIs) from using religious names, symbols, or expressions in their branding and marketing, ensuring the banking model is not perceived as faith-based or exclusive.
The Bank of Ghana also clarified that customers may hold accounts with non-interest banks alongside conventional banks, as it introduces a formal regulatory framework for non-interest banking.
Customers of conventional banks cannot be compelled to switch to or open a non-interest account, and conventional banks offering non-interest products through special “windows” must ensure customer participation is strictly optional.
The Non-Interest Banking framework, released as an exposure draft on December 9, 2025, is part of the central bank’s broader efforts to deepen financial inclusion, promote ethical finance, and support economic growth.
Stakeholders have until December 24, 2025, to submit comments before the guideline is finalised.
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