03
Mar
The Bank of Ghana (BoG) has warned banks to desist from photocopying the National Identification Cards (Ghana Card) of their clients for transactions as such a practice would attract sanctions. According to the central bank, biometric verification remained the standard process for identity authentication. The Deputy Head of Financial Integrity of the BoG, Ashitei Trebi-Ollennu, said photocopying of Ghana Cards was susceptible to fraud which could ultimately compromise banking transactions. “We have never said that banks should photocopy Ghana Cards. Photocopying leaves room for fraud and compromises the integrity of transactions,” he said. Instead, banks must authenticate identities directly through…