The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has urged financial institutions across the country to strengthen their risk management systems, adopt sustainable business strategies and improve institutional resilience to protect the progress made in Ghana’s banking sector.
Dr Asiama made the call on October 8, 2026, during the 43rd Annual General Meeting (AGM) of the Ghana Association of Banks (GAB) in Accra, which also featured the launch of the sixth edition of the Ghana Bankers’ Voice Magazine.
Addressing industry stakeholders, the central bank governor acknowledged the significant improvements recorded in Ghana’s banking industry in recent years. He highlighted stronger capital positions, improved financial stability and a reduction in non-performing loans (NPLs) as key indicators of progress.
However, he stressed that sustaining these gains would require banks to maintain strong corporate governance, exercise prudent financial management and embrace innovation to respond effectively to emerging risks in the financial services sector.
According to Dr Asiama, Ghana needs a banking industry capable of withstanding economic shocks, adapting to technological and market changes, and providing the financing required to support long-term economic transformation.
“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,” he stated.
The Governor’s remarks underscore the importance of effective banking supervision, responsible lending practices and sound risk assessment in maintaining confidence in Ghana’s financial system.
He further reaffirmed the Bank of Ghana’s commitment to collaborating with commercial banks, industry associations and other relevant stakeholders to build a resilient, innovative and sustainable financial sector.
Dr Asiama noted that continued cooperation between the central bank and financial institutions would be essential to strengthening banking operations, improving access to credit and supporting businesses across different sectors of the economy.
A stable banking sector is also critical to mobilising savings, financing private-sector investment, creating employment opportunities and promoting sustainable economic growth in Ghana.
The call comes as Ghana continues to focus on strengthening financial sector resilience, improving loan portfolio quality and ensuring that banks remain well-positioned to support the country’s economic recovery and development agenda.
Source: newsthemegh.com