Bank of Ghana · Source-led framework
BoG Regulatory Hub
Comprehensive guide to Ghana's Non-Interest Banking regulatory framework — sourced from official Bank of Ghana guidelines.
This page summarises publicly available Bank of Ghana guidelines for educational purposes. Always consult official BoG publications and legal counsel for compliance decisions.
10-Part NIB Series
Understanding Ghana's Non-Interest Banking Framework — audio series produced with NotebookLM.
Understanding Ghana's NIB Regulations — 10‑Part Series
Produced with NotebookLMListen to or watch Ethika's 10‑episode series on Ghana's Non‑Interest Banking framework — from core principles to governance and consumer protections. Go to the series page for episodes and progress tracking.
Governance of the sector
Non-Interest Financial Advisory Council (NIFAC)
Inaugurated by the Bank of Ghana on 18 August 2026 at Bank Square, Accra. Advisory only — does not replace BoG, SEC, or NIC licensing or enforcement.
NIFAC advises the Bank of Ghana on the governance, regulation, and supervision of Non-Interest Banking Institutions. As the wider non-interest finance ecosystem develops, it is also expected to support the Securities and Exchange Commission (SEC) and the National Insurance Commission (NIC). Selection of members was guided by local content, cross-border expertise, religious neutrality, experience, and inclusiveness.
Members (as reported August 2026)
- Prof. Bashir Aliyu Umar — Chair; former Special Adviser on Non-Interest Banking to the CBN Governor (Nigeria)
- Dr Yussuf Adam Al-Badani — International Islamic Liquidity Management
- Dr George Baah-Danquah — Finance and accounting
- Adishetu Hamidu Naabo — Principal Economic Officer, Ministry of Finance
- Samuel Gameli Gadzo — Chartered accountant; Senior Lecturer, UEW
As of August 2026, no NIB licence has been gazetted. Ethika’s directory lists institutions only after BoG licensing is publicly confirmed.
Core Principles
1 clausesPermitted Activities
4 clausesProhibited Activities
2 clausesGovernance
1 clausesDisclosure
1 clausesCapital Requirements
1 clausesNIB Compliance Checklist
Self-assessment for banks operating NIB windows
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Frequently Asked Questions
The BoG framework, explained in Ghanaian languages
The same explainer, translated and reviewed. English remains the canonical version.
Audio for this language is not published yet. The transcript below is complete.
What Non-Interest Banking is
Non-Interest Banking yɛ ɔkwan a wɔfa so yɛ sikakorabea a wɔmfa mfɛntom nni dwuma. Wɔ Ghana mu no, nkurɔfo nso frɛ no NIB. Sikakorabea no mfa sika mma wo na afei gye ho mfɛntom. Mmom, sikakorabea no nam adwadie so nya sika, ɛgye sika, anaa ɛnam mfasoɔ a wɔkyɛ ma wo so. Ɛsɛ sɛ wɔkyekyere apam biara wɔ ade ankasa ho, te sɛ nneɛma, kar, anaa nnwinnade. Bank of Ghana na ɛhwɛ Non-Interest Banking so wɔ Ghana mu. Mmara no firi Act 930 ne Bank of Ghana akwankyerɛ no mu.
Who it is for
Wɔabue Non-Interest Banking ama Ghanani biara. Ɛho nhia sɛ woyɛ Nkramofo ansa na wode adi dwuma. Obiara a ɔpɛ sɛ ɔka nsɛm a emu da hɔ na ɛfata no betumi de adi dwuma. Ɛyɛ abrabɔ pa ho sikasɛm bi, ɛnyɛ ɔsom adwuma ma ɔsom biako pɛ.
The three things that are not allowed
Nneɛma titire mmiɛnsa na Non-Interest Banking mma ho kwan. Deɛ ɛdi kan ne riba. riba kyerɛ anigyeɛ. Sikakorabea ntumi nnye wo mfɛntom, na entumi ntua wo mfɛntom. Deɛ ɛtɔ so mmienu ne gharar. gharar kyerɛ adwenem naayɛ dodo wɔ apam bi mu. Ɛsɛ sɛ woma ne bo, dodow, ne da a wode bɛkɔ no nyinaa mu da hɔ ansa na wode wo nsa ahyɛ ase. Deɛ ɛtɔ so mmiɛnsa ne maysir. maysir kyerɛ kyakyatow anaa kyakyatow. Ɛnsɛ sɛ wofi akwanya mu nya sika.
Murabaha: buying through the bank
Murabaha yɛ Non-Interest Banking adeɛ a abu so pa ara. Ka sɛ wuhia lɔre a wɔde bɛkɔ akɔma wo adwuma no. Sikakorabea no di kan tɔ lɔre no. Sikakorabea no wɔ lɔre no ampa saa bere no, na ɛde ne ho to asiane mu sɛ obenya bi. Afei sikakorabea no tɔn lɔre no ma wo a ne bo yɛ den. Ɛsɛ sɛ sikakorabea no ka ɛka a wɔbɔ ne mfasoɔ a wɔde rebɛka ho no kyerɛ wo. Afei wutua saa bo no nyinaa. Wɔhyehyɛ bo no da a wode wo nsa bɛhyɛ ase no. Entumi nkɔ soro akyiri yi.
Ijara: leasing from the bank
Ijara yɛ dan a wɔagye. Sikakorabea no tɔ nnwinnade a wuhia no. Sikakorabea no kura nnwinnade no wurayɛ bere a wɔregye dan no. Wotua sika a wogye tom ɔsram biara de di dwuma. Esiane sɛ sikakorabea no da so ara wɔ bi nti, sikakorabea no de ne wurayɛ ho asiane no to asiane mu. Awiei koraa no, wobetumi de nnwinnade no akɔma wo wɔ apam a ɛyɛ soronko ase.
Mudarabah and Musharaka: sharing profit
Mudarabah yɛ ayɔnkofa a ɛda sika ne ahokokwaw ntam. Ɔfã biako de sika no ba. ɔfa foforɔ no de adwuma no ne nimdeɛ ba Wɔne wɔn yɛ adwene wɔ sɛdeɛ wɔbɛkyɛ mfasoɔ biara ansa na adwuma no afiri aseɛ. Sɛ adwuma no hwere sika a, onipa a ɔde sika no bae no na ɔhwere. Gye sɛ adwumam panyin no yɛ anibiannaso anaasɛ onni nokware. Ɛsono Musharaka. Ɛha yi, afã abien anaa nea ɛboro saa nyinaa de sika gu mu. Wɔkyɛ mfasoɔ ne adehwereɛ sɛdeɛ deɛ ɔfa biara de hyɛ mu teɛ. Wɔtaa de Musharaka di dwuma de tɔ ofie anammɔn anammɔn.
How these banks are supervised
Ɛsɛ sɛ Non-Interest Banking asoɛeɛ biara a ɛwɔ Ghana no hyehyɛ Shariah Advisory Board. Ɛsɛ sɛ saa bagua yi de ne ho fi nnipa a wɔhwɛ sikakorabea no so no ho. Ɛsɛ sɛ adwumakuo no mufoɔ yɛ nwomanimfoɔ a wɔfata wɔ sikasɛm ne adwadie a ɛnyɛ mfɛntom mu. Adwumakuo no hwɛ adeɛ biara ne apam biara a wɔbɛyɛ ansa na sikakorabea no de ama. Ɛsɛ sɛ adwumakuo no tintim amanneɛbɔ a ɛfa mmara sodi ho afe biara. Ɛsɛ sɛ sikakorabea no nso ka kyerɛ ɔmanfo a wɔte ne hyɛn no mu.
What the bank must tell you
Ɛsɛ sɛ sikakorabea no ka mfaso dodow a wubenya no kyerɛ wo, na ɛnyɛ mfɛntom. Ɛsɛ sɛ sikakorabea no kyerɛkyerɛ sɛnea wobuu saa mfaso no ho akontaa no mu. Ɛsɛ sɛ sikakorabea no kyerɛw sika biara ne sika biara a wobetua. Ɛsɛ sɛ sikakorabea no ka apam ko a wode wo nsa rehyɛ ase no kyerɛ wo. Sɛ nhwɛsoɔ no, ɛsɛ sɛ ɛka sɛ apam no yɛ Murabaha anaa Ijara. Ɛsɛ sɛ afotufoɔ ka no pefee sɛ ade no yɛ Non-Interest Banking. Wɔmma sikakorabea bi kwan sɛ wɔmfrɛ no mfɛntom.
Capital the bank must hold
Ɛsɛ sɛ Non-Interest Banking sikakorabea a edi mũ kura sika kɛse a ɛba fam koraa a Bank of Ghana de asi hɔ no. Wɔ amansan sikakorabea ahorow a sika a wonya no yɛ Ghana cedis ɔpepem ahanan mprempren. Sikakorabea ahorow bi a wɔtaa de di dwuma no de Non-Interest Banking mfɛnsere di dwuma mmom. Ɛsɛ sɛ saa mfɛnsere no de n’ankasa akontaabu a ɛsono emu biara sie. Ɛnsɛ sɛ wɔde sika a wonya fi mfɛnsere no mu fra mfɛnsere no mu.
Where Ghana stands today
Nhyehyɛe no wɔ hɔ, nanso gua no da so ara yɛ mmofra. Ɛde besi mprempren no, wɔmfaa Non-Interest Banking sikakorabea biara a ɛwɔ tumi krataa a edi mũ mmae wɔ Ghana mu. Enti hwɛ yie wɔ obiara a ɔkyerɛ sɛ ɔde saa nneɛma yi rema dada no ho. Berɛ biara, di kan hwɛ Bank of Ghana kyerɛwtohɔ no.
Closing
Ɛno ne Bank of Ghana Non-Interest Banking nhyehyɛeɛ no wɔ nsɛm a ɛnyɛ den mu. Saa nkyerɛkyerɛmu yi fa nwomasua nko ara ho. Ɛnyɛ mmara mu afotuo, sikasɛm mu afotuo, anaa nyamesom mu gyinaesie. Sɛ wopɛ gyinaesi biara a ɛfa mmara sodi ho a, kenkan Bank of Ghana nkrataa a ɛyɛ aban de no.
Research & Ecosystem
Regulatory content is based on publicly available Bank of Ghana publications. For research, training, and policy engagement on NIB in Ghana, the following are key resources.
- For in-depth research, conference materials (including IFIC), and training programmes, visit ifrig.org
- For official BoG NIB guidelines and circulars, visit bog.gov.gh