Bank of Ghana has cleared money in NFA accounts - Juliet Asante 

The Bank of Ghana has successfully cleared funds held in non-financial accounts, as confirmed by Juliet Asante, the bank's Director of Financial Stability. This move aims to streamline financial operations and enhance the overall liquidity in the banking sector. Asante emphasized that the decision aligns with the central bank's commitment to maintaining a stable financial environment while fostering growth and innovation within the industry.

This clearance process is expected to bolster confidence among stakeholders and facilitate smoother transactions across various platforms. It also serves to mitigate any potential disruptions caused by excess funds sitting idle in these accounts. By addressing this issue, the Bank of Ghana reinforces its proactive stance in managing monetary policy effectively.

Asante reassured customers that their funds are secure and accessible, reflecting the bank's dedication to transparency and customer service. The initiative highlights the central bank’s ongoing efforts to optimize financial resources and support economic stability in Ghana amidst evolving market dynamics. Overall, this development signifies a positive step toward strengthening Ghana's banking landscape.