The Bank of Ghana (BoG) is stepping up efforts to attract both local and international expertise to accelerate the growth of the country’s non-interest banking and finance sector.

At a stakeholder engagement in Accra, the Acting Head of Banking Supervision at the BoG, Ismail Adam—speaking on behalf of the Governor—said the central bank recognises the sector’s potential to expand financial inclusion and diversify Ghana’s financial system.

He noted that globally, non-interest banking and finance has become an important tool for widening access to financial services, especially for underserved populations and small and medium enterprises (SMEs).

According to him, Ghana stands to gain significantly if it effectively leverages technical expertise and strengthens regulatory support.

“We are committed to creating an enabling regulatory environment that allows non-interest financial institutions to thrive. This includes building capacity and drawing on both local and foreign expertise to strengthen the sector,” he said.

Mr Adam added that the BoG is working with industry players to develop strong regulatory frameworks that encourage innovation while preserving financial stability.

Director-General of the Securities and Exchange Commission (SEC), James Klutse Avedzi, also highlighted the need for closer collaboration between regulators and market operators. He said a well-regulated and well-resourced non-interest financial ecosystem would boost investor confidence and expand Ghana’s capital markets.

“We stand ready to collaborate with the central bank to ensure the full rollout of non-interest banking and finance,” he stated.

The engagement brought together regulators, financial institutions, and sector stakeholders to review progress and explore strategies to unlock new opportunities in the growing non-interest finance space.