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Banks, Specialised Deposit-Taking Institutions (SDIs) and the Public are reminded that under section 313(A) of the Criminal Offences Act, 1960 (Act 29) as amended, it is an offence punishable by a fine and/or imprisonment of up to five (5) years for any person to issue a dud cheque1 To further discourage the issuance of dud cheques, the Bank of Ghana introduced additional measures through notice number BG/GOV/SEC/2021/03. Despite the above, Bank of Ghana has observed with grave concern the high issuance of dud cheques by some customers of banks and SDIs.
