Techiman: Bank of Ghana engages stakeholders to deepen public trust
Participants were taken through five critical thematic areas:. The Role and Mandate of the Bank of Ghana: Clarifying BoG’s core functions of price stability, financial stability, and currency management;
On 12 October 2026, the Bank of Ghana (BoG) hosted a Regional Stakeholder Engagement Forum in Techiman, aiming to bolster public trust and deepen financial literacy in the Bono East Region. The one-day forum, themed "Strengthening Stakeholder Relations Through Dialogue and Engagement," brought together 150 participants from various sectors, including traditional leaders, religious leaders, market queens, trader associations, SMEs, rural and community bank representatives, microfinance institutions, security agencies, and media practitioners.
Led by Director of Communications Bernard Otabil, the event underscored the importance of a people-centered approach to central banking, emphasizing that trust between the Bank of Ghana and its citizens is crucial for effective monetary policy. In his opening remarks, Otabil highlighted that the Cedi is not merely paper; it represents a social contract between the Bank of Ghana and every Ghanaian, and its success hinges on public understanding and confidence.
The forum covered five key thematic areas: the Bank of Ghana's mandate and role in achieving price stability, financial stability, and currency management; microfinance sector reforms and their implications; responsible borrowing and consumer protection; currency education on identifying genuine Ghanaian banknotes; and preventing the issuance of dud cheques.
Technical presentations were delivered by experts from the Bank's departments, focusing on practical measures for public awareness, such as the FEEL, LOOK, TILT guidelines for currency identification and strategies to curb financial fraud.
Attendees commended the Bank for engaging directly with them, expressing concerns about access to affordable credit, high lending rates, the activities of unregulated lenders, and the need for continued education on new banknote security features. The Bank's officials addressed these issues, promising to forward participants' concerns to management for policy consideration.
Otabil reaffirmed the Bank's dedication to open dialogue across all 16 regions, emphasizing that such engagements are vital for promoting financial inclusion, literacy, and the resilience of Ghana's financial system. The forum concluded with a renewed call for collaboration between the Bank of Ghana and regional stakeholders to safeguard the Cedi's value and maintain financial system stability.
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