A finance economist and dean of University of Cape Coast Business School, Professor John Gatsi, has called on the Bank of Ghana to establish regulations and governance structures for Islamic banking.
Speaking at the Islamic Finance International Conference 2024 in Accra, Professor Gatsi emphasised Islamic banking's potential to enhance financial inclusion in Ghana and diversify the country's bond market. "Islamic banking will have an added opportunity to deepen financial inclusion, infrastructure finance in the country for both government and private sector.
Development finance will also be supported in the country, so I believe this is the time for us to allow Islamic Banking to operate", Professor Gatsi said.
The Islamic banking expert added, ''the law is as if it allows Islamic banking, but the governance structures are not put in place, the regulations are not put in place.