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Ghana Card becomes mandatory ID in new crackdown on money laundering

GH News Media09:15-12/01/2026
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The Ghana Card has been thrust back into the spotlight as a central weapon in the fight against financial crime, following a new directive aimed at tightening controls within the foreign exchange market.

The Bank of Ghana (BoG) and the Financial Intelligence Centre (FIC) have jointly announced stricter compliance requirements mandating all foreign exchange bureaux to request a valid Ghana Card before conducting any business with customers.

The directive forms part of the updated Anti-Money Laundering, Combating Financing of Terrorism and Combating Proliferation Financing (AML/CFT/CPF) Guidelines for exchange bureaux, which took immediate effect upon their rollout in September 2025.

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Authorities have long identified forex bureaux as high-risk channels routinely exploited for money laundering and illicit financial flows.

According to regulators, requiring a Ghana Card noted as the primary identification document for financial transactions closes key loopholes while enhancing traceability and regulatory monitoring.

The new framework strengthens obligations around Customer Due Diligence (CDD). All operators must display visible notices informing clients that no transaction will be processed without the presentation of a valid Ghana Card.

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For transactions of US$10,000 and above, bureaux are required to capture Ghana Card details and verify customer identity biometrically before proceeding.

The directive also heightens scrutiny around Politically Exposed Persons (PEPs). Operators must screen and flag PEP-related activity and file suspicious transaction reports with regulators within 24 hours.

The Ghana Card continues to expand its role as the backbone of national identification, already compulsory across banking, telecommunications, and multiple public services, from passport issuance and driver licensing to business registration and vehicle insurance.

Regulators say the additional enforcement measures reinforce the identification system’s increasingly critical role in protecting the financial sector and maintaining public trust.

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