FAQS – Non-Interest Financial Advisory Council of the Bank of Ghana
On 18 August 2026, the Bank of Ghana inaugurated the Non-Interest Financial Advisory Council
(NIFAC) to provide authoritative guidance on standards, governance, and compliance for Non-
Interest Banking (NIB) in Ghana’s financial system.
To enhance public understanding of the Council’s role and mandate, we address key questions
that stakeholders and the general public may have regarding this advisory body.