BoG revises sanctions for issuing dud cheques; announces stricter punishments

The Bank of Ghana has revised the sanctioning regime in respect of the issuance of dud cheques for strict compliance by banks and Specialised Deposit-Taking Institutions (SDIs). The BoG, in a statement, said it had to take the action due to the rising number of dud cheques, despite warnings issued by the central bank. “The […]