Strengthen risk management frameworks - BoG Governor tells banks
He also asked them to adopt sustainable business models, and enhance institutional resilience to safeguard the gains made in Ghana's banking sector
The Bank of Ghana's Governor, Johnson Pandit Asiama, urged Ghanaian banks to bolster their risk management frameworks during the 43rd Annual General Meeting of the Ghana Association of Banks. Speaking in Accra on October 8, 2026, Asiama emphasized the importance of adopting sustainable business models and enhancing institutional resilience to maintain the gains achieved in the country's banking sector.
He highlighted that the industry has made significant strides in recent years, with stronger capital positions, improved financial stability, and a reduction in non-performing loans. Asiama called on banks to capitalize on these accomplishments by prioritizing sound governance, prudent risk management, and innovation. He stated, "Our ambition should be to build a banking sector that is strong enough to absorb shocks, innovative enough to adapt to change, and capable of financing Ghana's long-term economic transformation."
The Bank of Ghana reiterated its commitment to collaborating with the banking industry and other stakeholders to cultivate a strong, resilient, innovative, and sustainable financial sector that fuels economic growth and development.
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