The Bank of Ghana (BoG) has reaffirmed its commitment to promoting ethics, professionalism, and accountability across the country’s banking sector, citing these as essential to financial stability. The remarks came at the 29th National Banking and Ethics Conference, organized by the Chartered Institute of Bankers (CIB) Ghana under the theme: “Building Future-Ready Banks: Ethical Leadership, Sustainable Finance, and Currency Stability amid Disruption.”
Delivered on behalf of BoG Governor Dr. Johnson Pandit Asiama by Mr. Ismail Adam, Director of Banking Supervision, the keynote highlighted that while Ghana’s financial system has become more stable, unethical practices and staff-related fraud remain a threat to public confidence.
“Unethical practices remain widespread, with staff-related fraud on the rise. These issues threaten institutional integrity and underscore the need for stronger ethical frameworks and accountability,” the Governor said.
In a move to strengthen governance, BoG will integrate the Chartered Institute of Bankers’ Ethics Certification Programme into its fit-and-proper assessment for senior managers and board members. This step underscores the central bank’s focus on embedding ethical leadership at all levels of the banking profession.
The conference also examined the challenges of digital finance, including cryptocurrencies and virtual assets, emphasizing the need to balance innovation with currency stability, investor protection, and coordinated regulation. BoG representatives confirmed that the central bank is developing a regulatory framework for digital assets to safeguard Ghana’s financial system.
CIB Ghana’s launch of the Ethics 2.0 Programme and the Non-Interest Banking and Finance Certification aligns with BoG’s objectives, aiming to build competence, trust, and accountability across the sector. CIB Ghana President Benjamin Amenumey emphasized that “where trust is strong, stability is possible. Where trust is weak, the system is at risk.”
The 2025 conference reinforced the partnership between BoG and CIB Ghana in fostering ethical, professional, and resilient banking institutions capable of navigating technological disruption and evolving market demands.
