Business
Ghana pursues non-interest banking as lenders apply for licences
The News
At least one indigenous lender has formally applied for a non-interest banking licence in Ghana, with four additional banks preparing applications following the Bank of Ghana's release of guidelines in January 2026. The regulator has signalled readiness to assess applications, while the Securities and Exchange Commission works on rules for sukuk, Islamic financial instruments offering alternative funding options.
Why it matters
Multiple banks formally applying for non-interest banking licences signals Ghana's growing embrace of Islamic finance as a development and inclusion strategy.
27 April 2026 · Joy Online →