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 will attract sanctions.
The Deputy Head of Financial Integrity of the BoG, Ashitei Trebi-Ollennu, said that photocopying of Ghana Cards was susceptible to fraud, which could ultimately compromise banking transactions.
According to him, biometric verification remains the standard process for identity authentication.
“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 the biometric verification system linked to the National Identification database, ensuring a secure and reliable financial ecosystem,” he added.
Speaking at the event organised by Identity Management Systems II (IMS II) Ltd in collaboration with the National Identification Authority (NIA) on the theme: “Protect Every Transaction with Biometric Verification”, Mr Trebi-Ollennu reiterated the directive from the BoG on identity verification in financial transactions.
The report by Daily Graphic on Monday said that the event brought together stakeholders in the banking industry, regulators, the NIA and ICT firms, among others, to discuss the critical role of identity verification in securing financial transactions
“The discussions highlighted the importance of biometric verification as the most secure form of authentication,” the report added.
GIK/APA