The information gathered by THE MEDIA shows that many banks oppose new voters and the national identification card as a means of account opening and business transaction identification.
However, since both the electorate and national identity cards have not been validated, it is not the responsibility of the banks.
THE MEDIA checks at certain branches of commercial banks show that these ID cards are not accepted by the banks because they can not be checked by the ‘G Vive’ method.
Nevertheless, they accept the driver’s license, SSNIT ID cards, and passports, but refuse the National Health Insurance Card outright because they view it as fraudulent, although the risk exposure is very high.
The problem, however, is how many individuals possess a driver’s license, SSNIT ID cards and passports.
THE MEDIA believes that the challenge may deny many Ghanaians access to financial services if not tackled immediately, in the same way as banks do their best to curb money laundering.
Again, access is denied from 1 March 2021 to a cross-section of Ghanaians who regularly use Mobile Money Services for payment and other transactions.
In this period of financial inclusion, banks would have to be creative by allowing future account holders and those who come to do transactions to be guaranteed by guarantors.
“E-Banking expert Raymond Appiah-Danquah told THE MEDIA, “What I’m going to say is that banks should be able to ask a customer to show a guarantor whose ID card can be checked so that financial services are not denied to individuals. If it were the advanced nations, they would have relied on your digital address, but at the moment we all know where we are in Ghana.
Many would like to see the Bank of Ghana step rapidly to ensure that both new voters and the national identification card are recognized as a banking transaction identification mode.
Source: Goldstreet Business