• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, September 22, 2023
  • 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 Governor Charges Financial Institutions to Prioritize Ethical Leadership At All Levels Of Banking

September 14, 2023
Stephen M.CbyStephen M.C
in Banking
0
BoG Governor Charges Financial Institutions to Prioritize Ethical Leadership At All Levels Of Banking

Dr Ernest Addison, Governor of Bank of Ghana, has called on banks and financial institutions to prioritize ethical standards and leadership at all levels of operations to promote professionalism.

According to the governor, ethical compliance ensures professionalism, a more sustainable and trustworthy financial industry, but the lack of it put all stakeholders at risk, especially shareholders and depositors and eventually would destabilise the financial sector with spillovers on the economy.

“Strictly adhere to regulatory requirements and collaborate with regulators to maintain a strong and well-regulated financial industry. Prioritize ethical leadership at all levels,” the Governor said.

RelatedPosts

Absa Bank Disburses GHS100 Million Loan to SMEs Under Absa 10% SME loan

BoG Wins Financial Inclusion Award In Philippines

Fidelity Partners DBG and Other Two Entities to Boost Export Trade in Ghana

Delivering a Keynote address at the 60th Anniversary launch of the Chartered Institute of Bankers (CIB) Ghana, on the theme, “Redefining professionalism in banking through ethics,” Dr Addison said ethical standards should evolve in response to changing societal values, technological advancements, and emerging risks.

Dr Ernest Addison explained that ethical banking recognizes interconnectedness of stakeholders’ interests and it was imperative that banks considered the interests of shareholders, employees, customers, and the broader society, when making business decisions.

The Governor intimated the lessons drawn from the banking and financial sector clean-up pointed to the fact that boards, executives, and line managers should set the tone at the top by adhering to high ethical standards and promote the standards throughout the organization.

Banks To Invest In Ethics Training

Dr Addison asserted that banks must invest in ethics training and education for all employees, develop clear and comprehensive codes of conduct, establish robust whistle-blower protection programmes and promote transparency in financial transactions and decision-making processes.

“The Bank of Ghana remains committed to providing the supportive frameworks to ensure ethical and sustainable banks. The Bank has commenced development of a Business Model and Viability Analysis Framework to enhance its supervisory practices for assessing the sustainability of banks’ business models.”

Dr Ernest Addison

Dr Addison commended the Institute for being a reliable partner, providing relevant and cutting-edge courses for banking and other professionals to build their capacity.

The CIB had its Presidential Charter and became a fully-fledged Institute in 2019. It boosts of about 2000 professionally qualified bankers and close to 10,000 student bankers.

Mr Benjamin Amenumey, President, CIB Ghana, said passion, commitment and dedication had enabled CIB to consistently raise the bar of banking education and professional development, adding that they were determined to continue shaping the future of banking in Ghana.

“We will strive to match the ever-evolving landscape of the financial industry and ensure that our graduates remain at the forefront of ethics, professionalism and innovation,” he said

Dr Yaw Osei Adutwum, Minister for Education, in his remarks, said ethical standards in all spheres of life were necessary for achieving personal and organisational goals. He called on banks to support education and imbibe the best ethical standards in the young as they pursued various career paths, including banking.

READ ALSO: Ghana’s FDI Declines In The First Half Of 2023

Tags: BoGBoG Governor Charges Financial Institutions to Prioritize Ethical Leadership At All Levels Of BankingCIB GhanaDr Ernest Addison

Related Posts

Absa Bank Disburses GHS100 Million Loan to SMEs Under Absa 10% SME loan
Banking

Absa Bank Disburses GHS100 Million Loan to SMEs Under Absa 10% SME loan

September 19, 2023
BoG Wins Financial Inclusion Award In Philippines
Banking

BoG Wins Financial Inclusion Award In Philippines

September 18, 2023
Fidelity Partners DBG and Other Two Entities to Boost Export Trade in Ghana
Banking

Fidelity Partners DBG and Other Two Entities to Boost Export Trade in Ghana

September 18, 2023
Association for Retired Staff of Apex Bank launched, MD Iterates the Bank’s Commitment
Banking

Association for Retired Staff of Apex Bank launched, MD Iterates the Bank’s Commitment

September 17, 2023
Bawumia Charges WAMZ Member States to Achieve Single Currency By 2027
Banking

Bawumia Charges WAMZ Member States to Achieve Single Currency By 2027

September 15, 2023
First National Bank Partners Accra Marathon As A Headline Sponsor
Banking

First National Bank Partners Accra Marathon As A Headline Sponsor

September 13, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Deputy Lands Minister Urges Mining Companies To Deepen Relationship With Communities

Next Post

Sammy Gyamfi Slams COCOBOD CEO Over His Comment On Cocoa Farmers Pension Scheme

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.
Zelenskyy Meets Biden At The White House
USA

Zelenskyy Meets Biden At The White House

by Comfort AmpomaaSeptember 21, 2023
Gov’t Partners FAO TO Launch €10million Project to Address Food Security in Northern Ghana
Agribusiness

Gov’t Partners FAO TO Launch €10million Project to Address Food Security in Northern Ghana

by Stephen M.CSeptember 21, 2023
Police Arrest Of Occupy Jubilee House Protestors   Needless- George Opare Addo
General News

Police Arrest Of Occupy Jubilee House Protestors   Needless- George Opare Addo

by Evans Junior OwuSeptember 21, 2023
EC Limited Voter Registration Exercise In Its District Office Untenable- Dafeamekpor
General News

EC Limited Voter Registration Exercise In Its District Office Untenable- Dafeamekpor

by Evans Junior OwuSeptember 21, 2023
Foreigners Make a lot of Money on GSE, But Ghanaians Prefer Betting- Ekow Afedzie
Securities/Markets

Ecobank Rescues GSE in a Mix Trading Day

by Stephen M.CSeptember 21, 2023
Russian Drone Attack Intercepted In Lviv
Europe

Russia Launches Missile Attacks On 8 Ukrainian Regions

by Comfort AmpomaaSeptember 21, 2023
Zelenskyy Meets Biden At The White House
Gov’t Partners FAO TO Launch €10million Project to Address Food Security in Northern Ghana
Police Arrest Of Occupy Jubilee House Protestors   Needless- George Opare Addo
EC Limited Voter Registration Exercise In Its District Office Untenable- Dafeamekpor
Foreigners Make a lot of Money on GSE, But Ghanaians Prefer Betting- Ekow Afedzie
Russian Drone Attack Intercepted In Lviv
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

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.

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