A directive for unclaimed and dormant bank accounts and special deposit-taking institutions has been issued by the central Bank, the Bank of Ghana (BoG).
According to the BoG, all inactive accounts are to be transferred to a single account – the dormant account registry.
The BoG explained in a statement that the directive is pursuant to Section 92 of the Banks and Specialized 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.
Click the link below to read the full directive.
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