BoG sanctions 47 individuals, 245 businesses for issuing dud cheques
The offenders have therefore been banned from issuing cheques in the country and accessing new credit facilities for three years effective June 28, 2024.
The Bank of Ghana has sanctioned forty-seven(47) individuals and two hundred and forty-five(245) business entities for breaching its notice on the issuance of dud cheques.
The offenders have therefore been banned from issuing cheques in the country and accessing new credit facilities for three years effective June 28, 2024.
A notice signed by the Secretary to the Central Bank, Sandra Thompson adds that the sanctions are without prejudice to any legal proceedings that may be taken against the offenders.
It further directs the banks and specialized deposit-taking institutions(SDIs) whose customers are involved to notify them of the ban and recall all unused checkbooks.
Also, these Banks and Specialised Deposit-Taking institutions are not to issue new cheque books to the affected customers until the sanctions are lifted and caution the public to desist from issuing dud cheques.
