• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, November 10, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Banking

Ghana Card to Revolutionise Banking, Banks Working to Start Accepting it- Benneh

Maynard Championby Maynard Champion
October 20, 2021
Reading Time: 3 mins read
Add as Preferred on Google
Ghana Card to Revolutionise Banking, Banks Working to Start Accepting it- Benneh

Nana Dwemoh Benneh

Nana Dwemoh Benneh, the Chief Executive Officer (CEO) of the Universal Merchant Bank (UMB) has stated that the Ghana card is an important identification tool. He thus, disclosed that banks are working with the National Identification Authority (NIA) to begin accepting the Ghana Card as means of identification from early next year.

According to Chief Executive Officer, the use of the Ghana Card by banks in the country could transform how they [the banks] deal with their customers going forward.

“The Association of Bankers has been working with the National Identification Authority (NIA) and by early next year to start to use the Ghana Card [at the banks]. We believe it will revolutionise how we deal with our customers because it’s one card that has all that information consolidated together and effectively brings down some of the risk factors that we look at.”

Nana Dwemoh Benneh

Nana Dwemoh Benneh noted that the current digitalisation drive by the government is helping the banking sector to evolve. He added that the technological innovations has limited the risks that banks face in their transactions with customers.

“What I want to say is that there is a lot of innovation that is happening from the government and the regulator’s standpoint as well.”

Nana Dwemoh Benneh

The Chief Executive Officer (CEO) highlighted some of the interventions that the Government brought into the banking industry. He expressed his excitement and hinted of UMB’s desire to partner with different institutions that will help it achieve its vision of being the digital based bank.

ADVERTISEMENT

“So for example the Bank of Ghana has set up this sandbox which is supposed to help entrepreneurs who are involved in technology; for us, it’s music to our ears because UMB, for example, we aim to be a digital-first bank. But in doing that, we know that we have to go through collaboration and not necessarily build everything in-house.”

Nana Dwemoh Benneh

Financial Institutions Refuse to Collect Ghana Card

However, some banks in the country have been rejecting the Ghana Card as a form of identity for various transactions.

According to some financial stakeholders, the new card has not yet been put on the GVIVE system – a platform that confirms the identity of the holder, creating a database to authenticate the identity as well as control identity theft. GVIVE ID Verification system integrates with existing ID database systems for real time ID Verification.

NIA Using Ultimatums to Push All Ghanaians to Have Ghana Card  

The NIA has issued series of directives, suggesting that Ghanaians without the Ghana card cannot benefit from some services. For instance, the NIA has given ultimatum for all mobile subscribers to re-register their SIM cards with the Ghana card or forfeit their SIM cards.  

ADVERTISEMENT

The Controller and Accountant-General’s Department (CAGD) initially issued a directive for all government employees to register for the Ghana card or forfeit their salaries. Effective December 1, workers on the government of Ghana Payroll who have not registered with the NIA will not be paid.

However, the Controller and Accountant General’s Department (CAGD) has since recinded on its decision to withhold salaries of public sector workers who do not possess the Ghana Card.

The National Identification Authority (NIA) has so far, registered over 15 million Ghanaians for the Ghana Card, representing 84.3% of the population aged 15 and above.

ADVERTISEMENT

READ ALSO: CAGD Rescinding decision on Ghana Card for Salary Payment, a good decision- Alfred Thompson

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Ghana cardNana Dwemoh BennehUMB
Please login to join discussion
Previous Post

China’s Healthcare Market to be More Developed than Ghana, other Top African Markets

Next Post

IMF Chief Economist Set to Leave Office, Return to Harvard in January 2022

Related Posts

WhatsApp Image 2026 11 06 at 15.43.16 1
Banking

Ghana’s Digital Asset Market Hits $5.1bn as WhiteBIT Eyes Expansion

November 9, 2026
Fidelity Bank Picks New MD as Opuni’s Eight-Year Reign Ends
Banking

Fidelity Bank Picks New MD as Opuni’s Eight-Year Reign Ends

November 9, 2026
Stronger Balance Sheets After the Storm: Ghana Banks Stand Firm as Global Risks Threaten Outlook
Banking

Stronger Balance Sheets After the Storm: Ghana Banks Stand Firm as Global Risks Threaten Outlook

November 9, 2026
Asiama Reveals Bold Reforms Transforming Ghana’s Banking Sector
Banking

Asiama Reveals Bold Reforms Transforming Ghana’s Banking Sector

November 7, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

COP31

Ghana’s COP31 Agenda Needs An Industrial Focus

November 10, 2026
Hon. Emmanuel Armah-Kofi Buah

Gold Must Enrich our People Without Impoverishing Our Land – Arma-Buah

November 10, 2026
Vice President Jane Naana Opoku-Agyemang addresses GACL's achievements and outlines Government's priorities for strengthening Ghana's aviation industry.

Veep Opoku-Agyemang Highlights Ghana’s Aviation Growth Priorities

November 9, 2026
Harry Edward Kane, winner of 2026 Ballon d'Or

Ballon d’Or Winner Kane Missing From FIFPRO World 11

November 9, 2026
Screenshot 20261109 174800 Chrome

TTAG Gives Directives to Trainees Over Unpaid Allowances

November 9, 2026
ADVERTISEMENT
Next Post
IMF Chief Economist Set to Leave Office, Return to Harvard in January 2022

IMF Chief Economist Set to Leave Office, Return to Harvard in January 2022

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Ok

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.