BoG pledges inclusive, safer financial system for all
The Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has reaffirmed the Central Bank’s commitment to advancing financial inclusion and ensuring equal access to financial services for all Ghanaians.
She explained that the Bank of Ghana is enforcing its regulations while also relying on moral suasion to encourage compliance, stressing that the overarching goal is to create equal opportunities within the financial ecosystem.
Madam Asante-Asiedu gave the assurance when the women’s wing of the Ghana Fintech and Payment Association paid a courtesy call on her at the Bank’s Head Office to congratulate her on her appointment as Second Deputy Governor.
She noted that the Central Bank is working with its partners to sustain confidence in the financial system while supporting the growth of financial institutions and promoting credit expansion across the country.
“This is what we are doing to help grow financial institutions in that space, as well as help in promoting financial intermediation and credit growth in the country,” Madam Asante-Asiedu said.
She underscored the Bank’s commitment to affirmative action in finance, highlighting partnerships with regulated institutions to ensure that women are given opportunities, value and support to thrive in the sector.
“The Bank of Ghana remains dedicated to creating an inclusive financial ecosystem that brings more women on board and drives equal participation in the industry,” Madam Asante-Asiedu emphasised.
She further revealed that the regulator is paying particular attention to the participation of women in Ghana’s fast-growing financial technology space, with ongoing initiatives aimed at strengthening their role in the sector.
Touching on cybersecurity and fraud detection, the Second Deputy Governor pointed out that the Bank, together with commercial banks and other stakeholders, has put in place measures to safeguard depositors and enhance resilience within the system.
“This is because we believe that a strong cybersecurity system goes a long way to aid confidence in the banking and financial space,” she added.
