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The Bank of Ghana has imposed sanctions on 47 individuals and 245 business entities for issuing dud cheques.
A statement from the BoG on August 6, 2024 said the individuals and the entities breached a notice which was published in March 2021.
“The affected bank customers issued dud cheques on at least three occasions between January 2022 and January 2024, despite warnings about the consequences of their actions”.
“The offenders are accordingly banned from issuing cheques in Ghana for three years, effective 28th June 2024” it said adding that the offenders will also not be able to access new credit facilities from the banking system for three years with effect from 28th June 2024.
Credit: myjoyonline.com
