According to Chief Executive of the Association, John Awuah argued the move might be challenging to implement as some savings accounts are technically operated like current accounts. We need to treat the customers fairly.” he explained in an interaction with Citi Business monitored by GhanaWeb. “Savings accounts are not meant for daily withdrawals. But we see people link their MoMo wallets to it, use ATMs for withdrawing money from the account, etc. What the banks are saying is that, in cases where customers use accounts designated for investments as current accounts, they are to be levied accordingly.

Source: GhanaWeb June 22, 2021 18:33 UTC