Financial inclusion must go hand in hand with investor protection – BoG Governor

Bank of Ghana Governor, Dr Johnson Asiama, has emphasized the importance of simultaneously enhancing investor protection and promoting financial inclusion in Ghana. Speaking at the launch of the Central Securities Depository’s InvestorConnect platform, Dr Asiama stressed that efforts to broaden access to financial services should not jeopardize investor protection.

He urged regulators and market players to safeguard the integrity and confidentiality of investor records, ensuring secure authentication and continuous service.

Dr Asiama highlighted the necessity for swift responses to incidents and transparent channels for investors to rectify errors and resolve complaints. He encouraged the platform to clearly outline its functionalities and limitations, preventing confusion for first-time investors. The Governor also advocated for intensified investor education, aiming for improved understanding of investment products, their risks, and investors' obligations.

"Financial inclusion must go hand in hand with financial literacy and investor protection," he asserted.

Dr Asiama acknowledged the pivotal role of banks in Ghana's economic financing but stressed that a deeper, more inclusive capital market would provide businesses and the government with broader access to long-term capital. He emphasized that this would aid savings and investment, thereby contributing to sustainable economic growth.