Prof. John Gatsi, Advisor at the Bank of Ghana, has made a strong case for the Bank’s non-interest banking and finance which seeks to promote inclusive banking in Ghana.
In a Facebook post, the Bank of Ghana says, “Today, Friday, 25 July 2025, the Governor of the Bank of Ghana hosted a high-level engagement with leaders of the clergy at the Bank Square to discuss the Bank’s plans to introduce non-interest banking and finance in Ghana.”
According to the Bank, “The session featured a compelling presentation by Prof. John Gatsi, Advisor at the Bank, who shared insights on the significance and potential of non-interest banking and finance in promoting inclusive banking.”
The professor of Finance until his appointment to the Bank of Ghana, was the Dean of the University of Cape Coast School of Business, whose professorial inurgrual lecture in March 2024 underscored the need for Ghana to adopt Islamic banking to promote financial inclusion and freedom of choice of financial products and services.
According to him, Islamic banking would considerably reduce untold poverty and burdensome project finance facing the country, whilst ensuring the promotion of social justice.
He maintained that Islamic banking had contributed to private-sector finance and governmental project finance through the public-private partnership (PPP) framework, stressing that PPP would enhance the diversification of infrastructure finance.
“It is high time, as a country, we began to explore Islamic banking options to provide some capital for infrastructure,” he added.
Prof Gatsi made these submissions at his inaugural lecture which was on the topic, “Islamic Banking Options: Exploring an Inclusive Alternative or Complement.”
Prof. Gatsi leads BoG team to launch Islamic banking in Ghana
