|Tuesday, 14 January 2014 16:53|
BANK OF GHANA
Further to Bank of Ghana Notice No. BG/GOV/SEC/2013/02 dated 12th June, 2013, on the introduction of the GHC 10,000 limited on the payment of Third Party Over the Counter cheque, the Bank of Ghana wishes to inform Banks, Non-Bank Financial Institutions and the General Public that with effect from 1st January, 2014, the limit on Third Party Over the Counter cheque payments shall be reduced to GHC 5,000 as previously indicated in the Notice under reference.
The reduction is in conformity with Bank of Ghana’s efforts to encourage the use of non-cash modes of transaction and reduce opportunities for fraud associated with cash intensive transactions.
20th December, 2013.