The Bank of Ghana (BoG) has issued a firm directive against photocopying Ghana Cards for banking transactions, emphasizing that biometric verification must be the standard for identity authentication.
BoG made it clear that photocopying Ghana Cards for customer verification is not an acceptable practice.
The directive, which aligns with the National Identity Register Regulations, 2012 (L.I. 2111), highlights the risks associated with outdated verification methods such as lookup lists and visual inspections.
BoG’s Stance Against Photocopying Ghana Cards
Deputy Head of Office under the Financial Integrity Office of BoG, Ashitei Trebi-Ollennu, stressed, “We have never said that banks should photocopy Ghana Cards. Photocopying leaves room for fraud and compromises the integrity of transactions.”
He stated that banks must authenticate identities directly through the biometric verification system linked to the National Identification database to ensure a secure and reliable financial ecosystem.
This position was reinforced during a stakeholder engagement in Accra, organized by Identity Management Systems II (IMS II) Ltd. in collaboration with the National Identification Authority (NIA). The event, themed “Protect Every Transaction with Biometric Verification,” brought together the Bank of Ghana, the Ghana Association of Banks, the National Identification Authority, and representatives from the 25 universal banks in Ghana to discuss the critical role of identity verification in securing financial transactions.
Benefits of Real-Time Biometric Verification
Real-time biometric verification prevents identity theft and impersonation, eliminates reliance on easily forged physical documents, ensures real-time authentication with National Identity Register (NIR) records, and aligns with national and international security standards.
Shift Towards Biometric Identity Management
Executive Director of IMS II Ltd, James Cantamantu-Koomson, underscored the transformation in identity management, stating, “The way we do things is changing. Identity is at the centre and the engine of our financial system. The database that the National Identification Authority has gathered is one of the most powerful assets we have as a country.”
His remarks emphasized the need to move from traditional manual processes to a multi-modal biometric verification approach that eliminates security vulnerabilities.
Enhancing Collaboration Between Financial Institutions
The engagement fostered dialogue between the Bank of Ghana, the Association of Banks, the National Identification Authority, and representatives of all universal banks.
Banks provided feedback on improving information exchange to streamline verification processes and enhance efficiency.
The National Identification Authority also reiterated its legal mandate, with the Head of the Legal Directorate, Teresa Eson-Benjamin, emphasizing the law that establishes the Ghana Card as the sole form of identification for banking transactions.
Importance of Biometric Verification
Discussions highlighted biometric verification as the most secure authentication method, eliminating fraudulent activities associated with photocopied Ghana Cards. The event called for financial institutions to fully transition to biometric-based verification to strengthen Ghana’s financial sector against fraud and align with international best practices.
Key Figures in Attendance
The engagement was attended by key figures such as John Awuah, CEO of the Ghana Association of Banks (GAB), Audrey Mireku (Banking Operations, Risk & Cybersecurity), Ashitei Trebi-Ollennu (Deputy Head of Office under the Financial Integrity Office of BoG), and Naa Welbeck (Head of Supervision Unit under the Financial Integrity Office of BoG).
Also present were legal, technology, and biometric experts from the NIA, along with executives from all 25 universal banks in Ghana.
Strengthening Trust Through Biometric Authentication
By the end of the engagement, there was a clear consensus: “Trust but verify” must be the guiding principle in Ghana’s financial sector.
The commitment to biometric authentication will not only protect transactions but also reinforce Ghana’s position as a leader in secure digital identity verification.
READ ALSO: