They Can No More Withdraw Money From Their Bank Account..

The Head of Financial Stability at the Bank of Ghana, Dr. Joseph France, has declared that starting July 1, 2022, all persons who have failed to link their Ghana Cards to their bank accounts will not be able to withdraw money from their accounts.

As per him, unlinked accounts will however, have the option to make deposits till such a time when the owner at last links their Ghana card details to the accounts.

He noted that the process of linking Ghana cards to bank accounts has no expiry date and clients only have to go to their banking centres to have their Ghana card details and biometric data collected.

The linkage of Ghana cards to bank accounts is a government initiative to weed out fraudsters from the banking sector.

Speaking to JoyNews’ PM Express Business Edition, Dr. Joseph France said, anyone who has not linked their accounts cannot transact banking, or be involved in banking activity from 1st July. And so what it means is that you cannot go and withdraw money from your bank.

“There is no expiry date to when you can do so. There’s an expiry date to when you can transact business, but there’s no expiry date to when you can link your account to your Ghana card. So you go tomorrow, you want to withdraw from your account, if you haven’t linked your account to your Ghana card, you won’t be able to withdraw, but you’d have the opportunity to link your Ghana card to your account then you withdraw.

“And you can continually do so, or anybody who is not should not rush tomorrow or tomorrow next to go and withdraw. If you don’t have business of doing banking transactions to withdraw money, you can go anytime and withdraw money, and you’d be allowed to withdraw only when your account is linked.”

Explaining further, he said:

“but if you’re going to put in money – let’s say you have deposits, you’re going to put into your account – you’d be allowed to do so”.

“Otherwise, you’d have to take the money home and then these same fraudsters will apprehend you and take the money from you. You’d be allowed to do so, but you’d not be allowed to withdraw. There will be no debits on your account so you’d not be allowed to withdraw.”

Notwithstanding, for Ghanaians who are non-living in Ghana and discretionary missions, they can use their travel papers to go through with all financial transactions.

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“The next proviso which is an expansion of what we have said and not to deviate from that but an expansion is that Ghanaians who are living abroad, in other words, non-residents who are Ghanaians who are living abroad who through no fault of theirs have not been able to have access to Ghana cardwill be allowed to use their passports.

“Again the diplomatic missions, the embassies, will be allowed to use their passports to do banking business. aside of this all other persons should have their Ghana cards and should link their Ghana cards before they’re allowed.”

Meanwhile, Dr. France has cautioned against linking your Ghana card to your bank by means of social media links.

According to him, this might be the evil activities of fraudsters attempting to exploit the system and phish for the financial details of clueless clients.

He has cautioned the overall population to rather answer to their banks and have their detail taken there.

Credit: Myjoyonline