The central bank, the Bank of Ghana (BoG) has issued a directive for unclaimed and dormant accounts of banks and special deposit-taking institutions.
According to the BoG, directive is to ensure all balances of inactive accounts are moved into one single account – the dormant account register.
The BoG explained in a statement that the directive is pursuant to Section 92 of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
“The directive shall however not be applied to accounts that are subjects of litigation, fraud, investigations by a regulatory authority or law enforcement agencies, and others,” the statement said.
By Laud Nartey|3news.com|Ghana