Business Hilights

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Bank of Ghana considering CBN’s policy on BVN

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Signals have emerged that the gains made by the Central Bank of Nigeria (CBN) in driving Biometric Verification Number (BVN) in the country, may have excited the Bank of Ghana as it begins the process of incorporating BVN in all financial matters.

Officials of the Bank of Ghana, which is the apex bank in the West African country, had visited the Central Bank of Nigeria to understudy the processes used in implementing the project that lasted about two years.

The BVN which has become a prerequisite in opening or operating a bank account in the country is first of its kind in Africa and was instituted to combat identity theft, reduce fraud in the Nigerian financial system and deepen financial identities.


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