Bank of Ghana warns against issuing dud cheques repeatedly

Written by; Regina Bless

The Bank of Ghana (BoG) has issued a revised financial literacy notice outlining the consequences of issuing a dud cheque for a second time within one year of the first offence. The revised notice was published by the Bank of Ghana in September 2026.

According to the notice, a person who issues a dud cheque for the second time within one year will have their bank account charged a levy of 15% of the cheque’s face value.

The bank will also issue another warning notification to the account holder about the consequences of repeating the offence. In addition, the offence will be reported to both the Credit Reference Bureaus and the Bank of Ghana.

The notice forms part of the Bank of Ghana’s financial literacy efforts aimed at encouraging responsible use of banking services and preventing the issuance of cheques without sufficient funds.

The BoG is therefore urging customers to ensure they have sufficient funds before issuing cheques and to avoid repeated violations that could result in further sanctions.