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in Banking, Sub Top Stories, Sub Top Stories1

Banking Practitioners Tasked to Demonstrate Ethical Standards and Professionalism

Maynard Championby Maynard Champion
December 6, 2022
Reading Time: 3 mins read
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Banking Practitioners Tasked to Demonstrate Ethical Standards and Professionalism

Dr. Ernest Addison, the Governor of the Central Bank of Ghana seated on the left with Mr Benjamin Amenumey, the President of the Chartered Institute of Bankers Ghana (CIB) on the right

Mr Benjamin Amenumey, the President of the Chartered Institute of Bankers Ghana (CIB), has urged practitioners in the financial sector to persistently demonstrate professionalism and ethical practices toward a stable environment.

Speaking at the 2022 Governors Day in Accra, Mr. Benjamin Amenumey revealed that,  the CIB will continue to develop future-fit and ethical professionals across the country. Practitioners must protect the system through transparency, fairness, and sound decision-making, he advised.

“We will continue to set standards and ensure the observance of ethical standards and professional conduct among members. We will also enforce the Ghana Banking Code of Ethics and Business Conduct which was launched in 2021 in collaboration with the Bank of Ghana and the Ghana Association of Banks.”

Mr Benjamin Amenumey

Emphasizing on efforts to improve the CIB’s relevance in the financial sector, Benjamin Amenumey disclosed that, plans were underway to redesign the curriculum of Chartered Institute of Bankers in Ghana to create more opportunities for skillsets development.

According to him, modifying the curriculum will ensure that the Institute becomes the premium learning partner to instill accepted ethical practices into its members in order to churn out trusted professionals for the banking industry.

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Mr. Amenumey further called for effective collaboration and financial support from key stakeholders, governments and other financial institutions toward the acquisition of the requisite technology, needed for effective and efficient learning at CIB.

Mr. Amenumey added that, the implementation of the ERP (learning management system and data and enterprise resources management) is another key area needed to be focused on.

“The CIB will seek to mobilise resources for the acquisition of necessary capabilities and technologies to enable it achieve the objectives of effective learning and delivery.”

Mr. Benjamin Amenumey
Addison 655x420 1 350x250 1
Dr. Ernest Addison, the Governor of the Central Bank of Ghana,

Dr. Ernest Addison, the Governor of the Central Bank of Ghana, on his part assured financial institutions in the country of providing support with additional liquidity in the midst of the current economic challenges.

“In addition to the near-term adoption of the IMF programme, we will provide a balance of payment support to help with financing gaps, boost investor confidence and restore stability.”

Dr. Ernest Addison

Read Also : Form And Structure Of Debt Restructuring Is Unacceptable- Minority

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Tags: Chartered Institute of Bankers Ghana (CIB)Dr. Ernest AddisonGhana Banking Code of Ethics and Business
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