The Bank of Ghana (BoG) is mandating the use of biometric verification for all banking transactions, directing banks to cease the practice of photocopying Ghana Cards for identification purposes.
The directive was reinforced during a recent stakeholder engagement in Accra, emphasizing the need for enhanced security and fraud prevention in the financial sector.
The event, organized by the Identity Management Systems II (IMS II) Ltd. and the National Identification Authority (NIA), centered on the theme “Protect Every Transaction with Biometric Verification.”
Key officials from the BoG, NIA, and the Ghana Association of Banks participated in discussions regarding the transition from manual processes to biometric authentication.
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The NIA reiterated that the Ghana Card remains the sole legal identification document for banking transactions.
According to sources at the event, the BoG’s Financial Integrity Office stressed the security risks associated with photocopying Ghana Cards.
Banks are now urged to verify identities directly through the national biometric database to ensure accuracy and prevent fraudulent activities.
The stakeholder engagement provided a platform for banks to discuss strategies for streamlining the verification process and ensuring a smooth transition to biometric authentication.
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By the conclusion of the event, stakeholders reached a consensus on the critical role of biometric authentication in establishing a secure and fraud-resistant financial system.
The initiative further solidifies Ghana’s position as a leader in digital identity verification.