The governor of the BoG has declared his intention to improve the supervision and resolution capabilities of the central bank.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

In a bid to ensure greater resilience within Ghana’s banking sector, Governor of the Bank of Ghana, Dr. Johnson Asiama, has announced plans to refine the central bank’s supervisory and resolution tools.

This includes the introduction of a Resolvability Assessment Framework aimed at ensuring banks are well-capitalized and prepared for potential distress, especially in an increasingly interconnected financial system.

Speaking at the maiden Post-Monetary Policy Committee (MPC) meeting with Chief Executive Officers of commercial banks, Dr. Asiama highlighted that the framework is a result of lessons learned from previous bank resolutions and will play a crucial role in the bank’s crisis preparedness.

Source: newsthemegh.com