Bank of Ghana Sanctions Dud Cheques

The Ghana — Bank of Ghana has introduced new, stringent sanctions against customers who issue dud cheques, effective June 24, 2026. These measures aim to curb the high incidence of dishonored cheques and restore confidence in Ghana's payment system. Penalties escalate from a 10% levy and one-year surveillance for first-time offenders to a 20% levy, a three-year ban on cheque issuance, and a one-year prohibition from accessing new credit facilities for third-time offenders. The Ghana — Bank of Ghana will also create a Directory of High-Risk Cheque Issuers and may publish the names of repeat offenders. Banks and Specialised Deposit-Taking Institutions are mandated to recall unused cheque books from banned customers and report all incidents to Credit Reference Bureaus and the Ghana — Bank of Ghana, with non-compliance leading to sanctions under Act 930.