The Bank of Ghana (BoG) has introduced new Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation Financing (AML/CFT/PF) Guidelines to enhance compliance and oversight within the financial sector.
According to the central bank, the move is part of efforts to protect Ghana’s financial system from illicit financial flows and align with international best practices.
The revised September 2025 guidelines introduce stricter due diligence requirements for banks, specialized deposit-taking institutions, and other regulated entities. Financial institutions must now verify customer identities more thoroughly, assess risk exposure, and report suspicious transactions promptly to the Financial Intelligence Centre (FIC).
The guidelines also assign greater responsibility to boards and senior management to ensure effective compliance systems and continuous staff training in anti-money laundering measures.
The BoG noted that the framework aims to strengthen risk-based supervision and prevent the use of financial institutions for money laundering, terrorism financing, or proliferation-related activities.
Key updates include new provisions on politically exposed persons, beneficial ownership transparency, and the use of technology in monitoring financial transactions.
By reinforcing Ghana’s AML/CFT framework, the central bank aims to boost financial stability, investor confidence, and the nation’s standing as a transparent and secure financial hub.
The BoG said the new guidelines are consistent with the Financial Action Task Force (FATF) recommendations and form part of national efforts to meet international compliance benchmarks ahead of upcoming peer reviews.
The Bank has urged all financial institutions to familiarize themselves with the framework and ensure full compliance, warning that failure to do so will attract regulatory sanctions.
