The newly inaugurated Board of the Ghana Deposit Protection Corporation (GDPC) has pledged to embed Artificial Intelligence (AI) technologies and adopt Environmental, Social, and Governance (ESG) principles as part of its strategic agenda to modernise operations and fortify public confidence in the financial system.
At the inauguration ceremony of the Board, Deputy Finance Minister, Thomas Ampem Nyarko reaffirmed the government’s commitment to a resilient financial ecosystem, describing the GDPC as a critical institution in protecting the deposits of ordinary Ghanaians and preserving systemic stability.
The Board, chaired by Governor of the Bank of Ghana Dr. Johnson Pandit Asiama, includes Galahad Alex Andoh, CEO of the GDPC; Prosper Ayinbilla Awuni, representing the Ministry of Finance; Benjamin Amenumey; and Paul Kwasi Agyemang. Together, they will steer the Corporation through a period of increasing complexity and innovation in Ghana’s financial services landscape.
In his address, Dr. Asiama pledged to lead the Board with a vision that not only strengthens deposit protection but also introduces future-ready systems to meet rising expectations from consumers and regulators.
“As part of our forward-looking agenda, we are committed to integrating Artificial Intelligence solutions to improve risk monitoring, claims processing, and operational efficiency,” Dr. Asiama said.
He said, aligning with ESG standards will help ensure that our decisions are sustainable, inclusive, and responsive to the broader social and environmental needs of our economy.”
The initiative to embrace AI is in line with global best practices, where deposit insurance schemes are increasingly adopting data-driven tools to detect risks early, automate fraud detection, and enhance customer service.
It also aligns with Ghana’s national digitalisation agenda and the Bank of Ghana’s regulatory push for tech-enabled financial sector supervision, he added.
Equally, the focus on ESG integration marks a notable shift in the governance approach of financial sector institutions. ESG-compliant operations reflect a commitment to transparency, ethical behaviour, environmental responsibility, and stakeholder engagement, and attributes that reinforce long-term trust in public institutions like the GDPC.
Dr. Asiama also highlighted the importance of maintaining a robust legal and institutional framework, pledging that the Board will operate with a high standard of accountability and strategic foresight.
“Trust is our most valuable asset, we are focused on delivering a deposit insurance scheme that is not only robust and credible but also responsive to emerging trends in finance, technology, and sustainability,” he said.
The Ghana Deposit Protection Corporation, established under the Ghana Deposit Protection Act, 2016 (Act 931), provides protection for depositors in the event of bank or specialized deposit-taking institution failures.
Since its operationalisation, it has played a vital role in reinforcing depositor confidence, particularly in the wake of Ghana’s financial sector clean-up.
