2nd Dep Governor: Banks' innovation must go hand in hand with strong safeguards, responsible conduct and financial stability

The Bank of Ghana's Second Deputy Governor, Mrs Matilda Asante-Asiedu, emphasized that innovation must be accompanied by robust safeguards, responsible behavior, and financial stability in Ghana's banking sector. Mrs Asante-Asiedu reiterated the Bank of Ghana's dedication to fostering innovation that enhances access and efficiency throughout the financial landscape of Ghana.

During the official commissioning of Absa Place, the new headquarters of Absa Bank Ghana Ltd, Mrs Asante-Asiedu highlighted that this substantial investment symbolizes trust in Absa Bank's future. However, she stressed that such progress must be supported by strong governance, operational resilience, and sound risk management, alongside maintaining customer trust.

The Bank of Ghana remains committed to supporting innovation that increases accessibility and efficiency while upholding necessary safeguards to protect customers and maintain financial stability. The central bank expects the banking industry to approach innovation with the same meticulousness they apply to capital conservation, liquidity management, and credit risk management.