The Second Deputy Governor of the Bank of Ghana, Mrs Matilda Asante-Asiedu, has emphasized the need for banks to ensure that innovation goes hand in hand with strong safeguards, responsible conduct, and financial stability. This statement was made during the official commissioning of Absa Place, the new Head Office of Absa Bank Ghana Ltd., which was attended by the Vice President of the Republic of Ghana, Professor Jane Naana Opoku-Agyemang.
Mrs Asante-Asiedu reaffirmed the Bank of Ghana's commitment to supporting innovation that improves access and efficiency across Ghana's financial sector. She noted that the banking industry must approach innovation with the same seriousness that it applies to capital conservation, liquidity management, and credit risk management. This, she believes, is crucial for maintaining the trust of customers and preserving financial stability.
The Second Deputy Governor also highlighted the significance of strong governance, operational resilience, and sound risk management in the banking industry. She stated that the Bank of Ghana will continue to support innovation that improves access and efficiency while maintaining the safeguards required to protect customers and preserve financial stability.
The commissioning of Absa Place, the new Head Office of Absa Bank Ghana Ltd., reflects confidence in Absa Bank's future. Mrs Asante-Asiedu noted that this significant investment must be matched by strong governance, operational resilience, and sound risk management. This will enable the bank to earn the continued trust of its customers and contribute to the stability of the financial sector.
The Bank of Ghana's commitment to supporting innovation is part of its efforts to improve access and efficiency across Ghana's financial sector. Mrs Asante-Asiedu's statement emphasizes the need for banks to balance innovation with strong safeguards and responsible conduct. This approach will help to maintain financial stability and protect customers.
The official commissioning of Absa Place was attended by the Vice President of the Republic of Ghana, Professor Jane Naana Opoku-Agyemang. This event highlights the significance of Absa Bank's investment in its new head office and its commitment to contributing to Ghana's economic development.
Mrs Asante-Asiedu's statement serves as a reminder to banks in Ghana to prioritize strong governance, operational resilience, and sound risk management. By doing so, they can maintain the trust of their customers and contribute to the stability of the financial sector. The Bank of Ghana will continue to support innovation that improves access and efficiency while ensuring that banks operate in a responsible and stable manner.
Key points
- The Bank of Ghana is committed to supporting innovation that improves access and efficiency across Ghana's financial sector.
- Banks must approach innovation with the same seriousness that they apply to capital conservation, liquidity management, and credit risk management.
- Strong governance, operational resilience, and sound risk management are crucial for maintaining the trust of customers and preserving financial stability.
