Plans are far advanced for the Bank of Ghana (BoG) to introduce electronic accounts for individuals interested in the purchase of shares.
According to the bank, there will be no more issuance of physical certificate for the purchase of shares when the electronic system is introduced.
Mr Franklin Belinye, Assistant Director of Banking Supervision of the BoG, made this disclosure at this year’s Financial Literacy Week held in Kumasi under the theme “Financial Literacy, Knowledge is Money.”
It was organised by the Ministry of Finance and Economic Planning in collaboration with stakeholders including the National Insurance Commission and Credit Union Associations. Participants from the small scale enterprises, mainly tailors, seamstress and hairdressers, were taken through how to acquire loans, the rudiments of investment among others.
Mr Belinye stressed the importance of honesty on the part of individuals to enable them transact effective business with the banks. He pointed out that the ability
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