The BoG imposed sanctions on 47 individuals and 245 business entities for breaching the law on arising dud cheques
A dud cheque is a cheque that has been dishonoured by a Coffer or Specialised Deposit-Taking Institution on which it is drawn, for the acumen that the annual holder who issued the cheque has bare or bereft funds in his/her annual to pay the bulk defined on the cheque
The afflicted coffer barter issued dud cheques on at atomic three occasions amid January 2022 and January 2024, admitting warnings about the after-effects of their actions, the BoG said in a account on Tuesday, August 6
The offenders are appropriately banned from a) Arising cheques in Ghana for three years, able 28th June 2024. b) Accessing new acclaim accessories from the cyberbanking arrangement for three years with aftereffect from 28th June 2024
The axial banks said the sanctions are after ageism to any acknowledged affairs that may be taken adjoin the offenders beneath Ghana's bent code
"Banks and (SDIs) whose barter are complex accept been directed to acquaint the culprits of the ban and anamnesis all bare cheque books from them. They shall not affair new cheque books to the afflicted barter until the sanctions are lifted
"The accessible is by this Notice, cautioned to abandon from arising dud cheques as the answerability has both acknowledged and authoritative consequences. Coffer of Ghana will abide to adviser the acquittal arrangement amplitude carefully and is committed to the advance of the candor and acumen of the cyberbanking system," the account said