The Bank of Ghana (BoG) has imposed significant sanctions on 292 individuals and business entities for the recurring issuance of dud cheques. The decision, announced on August 6, 2024, stems from the offenders’ persistent violations despite prior warnings.
The sanctions affect 47 individuals and 245 business entities who issued dud cheques on at least three occasions between January 2022 and January 2024. The penalties include a three-year ban from issuing cheques and accessing new credit facilities from any bank or specialized deposit-taking institution (SDI) in Ghana. This restriction will be in effect from June 28, 2024.
The BoG’s action underscores the serious nature of the offense, which also carries potential legal ramifications under Ghana’s criminal code. Banks and SDIs have been directed to notify the affected parties and retrieve any unused cheque books from them.
The Bank of Ghana cautioned the public to avoid issuing dud cheques, highlighting the severe legal and regulatory consequences associated with such offenses. The central bank reassured its commitment to maintaining the integrity and soundness of the financial system and pledged to continue its vigilant oversight of the payment system.

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