The Financial Stability Advisory Council (FSC) has held its first meeting of 2026 to review developments in the financial sector and assess emerging risks to Ghana’s financial system.
The meeting, held on March 11 and representing the 26th session of the High-Level Council, focused on safeguarding financial stability through coordinated regulatory action, improved risk management and stronger consumer protection measures.
In a statement issued by its Secretariat at the Bank of Ghana, the Council said sustained macroeconomic stability remained essential for the financial system and urged regulated institutions to strengthen their core mandates, particularly in risk management and compliance.
The Council also received a briefing from the Financial Intelligence Centre (FIC) on the preliminary outcomes of Ghana’s ongoing Third Mutual Evaluation Exercise conducted by the Financial Action Task Force (FATF) in February 2026.
It emphasised the importance of the exercise and called on member institutions to support the FIC with additional data and information required for the next stages of the assessment.
Members were further updated on progress on the Listing of Banks Project, which seeks to support the gradual listing of eligible banks on the Ghana Stock Exchange (GSE).
The Council Chair announced the inauguration of both the Steering Committee and the Technical Committee, made up of representatives from the Bank of Ghana, the Securities and Exchange Commission, National Insurance Commission, National Pensions Regulatory Authority, GSE, the Ghana Association of Banks and independent market experts.
The FSC noted that the initiative would broaden financing opportunities for banks, enhance market discipline, promote transparency and ultimately strengthen public confidence in the banking sector.
The Council also deliberated on presentations from various financial sub-sectors on consumer protection strategies and stressed the need to uphold consumer rights across the financial system.
It approved the Working Group’s collaboration with the Ministry of Trade, Agribusiness and Innovation (MOTAI) on the development of the national Consumer Protection Bill and the Competition Policy Bill.
The FSC said it remained committed to building a sound, stable and resilient financial system capable of supporting long-term economic growth.
It emphasised the importance of proactive risk identification, coordinated regulatory action and continuous improvement in crisis preparedness and market integrity.
