16 March 2020 – The Bank of Ghana directs all financial institutions to put measures in place to help stop the spread of the virus

Type of Intervention: Advisory, Financial Support, Regulation, Specific Action, Stimulus, Bank of Ghana Measures for Financial Sector in response to COVID 19 (16th March)
Sectors Involved: Central Bank, Finance/Economy
Level of Jurisdiction: National
Lead People/Agency: Bank of Ghana (BoG), BoG Monetary Policy Committee

Overview: Banks, Savings and Loans Companies, Finance Houses, Microfinance Institutions, Rural and Community Banks and Foreign Exchange Bureaux, were directed by the Bank of Ghana on 16th March 2020 to:

a. activate their business continuity and disaster recovery plans proportionate to the current circumstance and to review these plans as the situation changes
b. enhance protective and safety procedures for all Staff: –
i. Ensure that all Banking Halls, Automated Teller Machines (ATMs), Counting Machines and other relevant equipment are sanitised on a regular basis
ii. Ensure that Staff and Customers comply with the social distancing practice
iii. Ensure that critical and front line Staff are provided with protective equipment and gear
iv. Provide hand sanitising dispensers at entry and other vantage points.

c. ensure all electronic channels are fully functional at all times and ATMs do not run out of cash

Full details here: https://www.bog.gov.gh/wp-content/uploads/2020/03/STATEMENT-ON-THE-COVID-19-PANDEMIC.pdf

Other links: 1 2
Type of Justification: Advice of INTERNAL government advisory committee or group, Advice of EXTERNAL expert advisor or advisory committee, Government of Ghana COVID 19 Response Updates
Source of Evidence or Justification: Ghana Health Service
Evidence/Justification: The increase in the spread of COVID 19 and the WHO advisory or of handwashing with soap and running water, the use of hand sanitizers and the practice of Social distancing and other safety etiquette, coupled with the increase in COVID Cases in Ghana and the presidents repeated call of compliance to the etiquette