• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, June 18, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

BoG Charts New Course with Risk-Sensitive Regulation Framework

April 10, 2025
Stephen M.Cby Stephen M.C
in Banking
0
BoG Charts New Course with Risk-Sensitive Regulation Framework

In a bid to strengthen Ghana’s financial sector, the Bank of Ghana (BoG) is shifting towards a more risk-sensitive regulatory framework that goes beyond enforcing compliance to actively shaping a resilient and future-ready banking system.

This vision was outlined by the Governor of the BoG, Dr. Johnson Asiama, during a meeting with Heads of Commercial Banks at the Bank Square.

The engagement, which took place after the recent Monetary Policy Committee (MPC) meeting, is part of a deliberate strategy to increase communication and collaboration between the central bank and commercial banking institutions. Present at the meeting were the Chief Executives or representatives of regulated banks, the First Deputy Governor, Dr. Zakari Mumuni, and other key officials from the BoG.

RelatedPosts

CUTS Calls on Bank of Ghana to Address Unfair ATM Charges

FirstBank Ghana Crowned Innovative Bank of the Year at Prestigious Ghana-West Africa Business Excellence Awards

Ghana Urged to Lead as Afreximbank Projects $44bn Deals at IATF 2025

According to Dr. Asiama, the new regulatory focus is not merely about fulfilling compliance requirements, but about developing a banking system that is agile, accountable, and prepared for the challenges of the future. He emphasized that a proactive approach is necessary to safeguard the integrity of Ghana’s financial system.

Risk Identification and Mitigation at the Core

At the heart of this new regulatory direction is the early identification and mitigation of risk. The central bank plans to deploy advanced data analytics and early warning indicators to detect and address emerging risks before they evolve into systemic threats.

This move comes on the back of findings from the 2024 Fraud Report, which revealed a 5.0% increase in fraud cases and a 13.0% rise in the value at risk. In response, Dr. Asiama stressed the importance of “reinforcing the urgency of stronger internal controls and oversight,” noting that financial institutions must become more vigilant and proactive in curbing fraudulent activities.

As part of this transition, the BoG will also be strengthening its focus on digital resilience. In an era where technology underpins most financial transactions, the central bank is urging financial institutions to take greater responsibility for the integrity of their digital systems.

“Banks must invest significantly in product security features, expand public financial education, and protect their customers,” Dr. Asiama advised. This call comes amid growing concerns over cybersecurity threats and the need for robust digital infrastructure to protect sensitive financial data.

Governance and Compliance

Another major pillar of BoG’s new regulatory approach is governance and compliance. Dr. Asiama stated that the central bank will place increased emphasis on board effectiveness, compliance culture, and accountability across all levels of financial institutions. To bolster this, the BoG is considering compulsory Basel III and IV training for all bank directors. This will not only enhance regulatory knowledge but also equip bank leadership with the tools needed to implement sound governance frameworks.

Effective governance, the Governor pointed out, will be central to mitigating risks and ensuring sustainable long-term growth within the banking industry.

The BoG’s regulatory agenda also includes sustainable oversight that prioritizes credit risk and reputational exposure. The Governor emphasized the need to not just address current threats but also prepare the financial sector for future challenges. This requires a concerted effort to build institutional capacity and stay ahead of evolving risks, particularly in an increasingly digital and interconnected global financial environment.

Moreover, Dr. Asiama called for a collaborative approach to regulation. “Enhancing collaboration should be done by co-creating solutions and not merely enforcing rules,” he asserted. This reflects a shift towards partnership-based oversight, where regulators and financial institutions work hand-in-hand to design effective policies that are both robust and adaptable.

The BoG’s move towards a risk-sensitive, forward-thinking regulatory model marks a transformative moment for Ghana’s banking sector. It is a response to both domestic and global pressures, aimed at making the country’s financial system more secure, transparent, and resilient.

READ ALSO: Forestry Commission Must Go Commercial to Boost Self-Sufficiency – Lands Minister

Tags: Bank of Ghana (BoG)Dr. Johnson AsiamaDr. Zakari MumuniMonetary Policy Committee (MPC)Risk-Sensitive Regulation Framework
Please login to join discussion
Previous Post

Ghana Boosts Bauxite Production with $123M Investment 

Next Post

EU Pauses Trump Tariff Countermeasures For 90 Days

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Bright Chimezie Lauds Davido, Announces Music Plans
Entertainment

Bright Chimezie Lauds Davido, Announces Music Plans

June 18, 2025
Kingsley Gyamfi
Sports

Kingsley Gyamfi Signs for Swedish Osters

June 18, 2025
Bagbin on Parliament and oversight
General News

Parliament Pushes New Drive For Economic Governance

June 18, 2025
Michael Blackson Welcomes Child with His Fiancée
Entertainment

Michael Blackson Welcomes Child with His Fiancée

June 18, 2025
Hon. Michael Kpakpo Allotey, AMA, Initiative
General News

AMA Executive Committee Endorses Ambitious Clean Accra Agenda

June 18, 2025
Ailing Kwaku Twumasi Cries Over Donation From Osoode
Entertainment

Ailing Kwaku Twumasi Cries Over Donation From Osoode

June 18, 2025
Bright Chimezie Lauds Davido, Announces Music Plans
Entertainment

Bright Chimezie Lauds Davido, Announces Music Plans

by Esther Korantemaa OffeiJune 18, 2025
Kingsley Gyamfi
Sports

Kingsley Gyamfi Signs for Swedish Osters

by Evans Junior OwuJune 18, 2025
Bagbin on Parliament and oversight
General News

Parliament Pushes New Drive For Economic Governance

by Lilian AhedorJune 18, 2025
Michael Blackson Welcomes Child with His Fiancée
Entertainment

Michael Blackson Welcomes Child with His Fiancée

by Esther Korantemaa OffeiJune 18, 2025
Hon. Michael Kpakpo Allotey, AMA, Initiative
General News

AMA Executive Committee Endorses Ambitious Clean Accra Agenda

by Silas Kafui AssemJune 18, 2025
Ailing Kwaku Twumasi Cries Over Donation From Osoode
Entertainment

Ailing Kwaku Twumasi Cries Over Donation From Osoode

by Esther Korantemaa OffeiJune 18, 2025
Bright Chimezie Lauds Davido, Announces Music Plans
Kingsley Gyamfi
Bagbin on Parliament and oversight
Michael Blackson Welcomes Child with His Fiancée
Hon. Michael Kpakpo Allotey, AMA, Initiative
Ailing Kwaku Twumasi Cries Over Donation From Osoode
[/vc_row_inner]

Recent News

  • Bright Chimezie Lauds Davido, Announces Music Plans
  • Kingsley Gyamfi Signs for Swedish Osters
  • Parliament Pushes New Drive For Economic Governance
  • Michael Blackson Welcomes Child with His Fiancée
  • AMA Executive Committee Endorses Ambitious Clean Accra Agenda
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.