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Islamic Finance Briefing - Categorized | Banking more

BoG urged to consider Islamic banking

Posted on 14 September 2012

A financial analyst and lecturer at the Cape Coast University, John Gatsi has suggested that the Bank of Ghana should consider introducing Islamic Banking just like in Nigeria. Statistics also show that while the world faced severe economic crisis, Islamic banks across the world continue to grow.
Under Islamic banking, a borrower only needs to pay back the amount owed to the bank, and the borrower can also choose to pay the lender a small amount of money to serve as a gratuity…………………………………….Full Article: Source

 
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