The Chartered Institute of Bankers, Ghana (CIB Ghana) has conferred fellowship honours on 18 heads of financial institutions and individuals for their immense contribution towards the progress of their institutions and the Institute.
The honours would enable the fellows to use the title ‘Fellow of Chartered Institute of Bankers" (FCIB), against their names.
They included; Dr Maxwell Opoku Afari, First Deputy Governor of the Bank of Ghana, Mrs Elsie Addo-Awadzi, the Second Deputy Governor of the Bank of Ghana, Mr Anselm Ransford Adzetey Sowah, the former Managing Director (MD), GCB Bank Ghana Limited, and Mrs Abena Osei-Poku, the MD of Absa Bank Ghana Limited.
Others were; Mr Daniel Nii Kwei-Kumah Sackey, the MD of Ecobank Ghana Limited, Mrs Mansa Nettey, the Chief Executive Officer (CEO) of Standard Chartered Bank Ghana Ltd, Mr Daniel Wilson Addo, the CEO of Consolidated Bank Ghana, Mr Julian Opuni, the MD of Fidelity Bank, Mr Alex Awuah, Deputy MD of ARB Apex Bank, and Mr Ben Amenumey, the CEO of UMB.
The Institute, in collaboration with the Ghana Bankers Association and the Bank of Ghana, also launched the "Ghana Banking Code of Ethics and Business Conduct", to serve as a bedrock and guide to all practitioners to maintain best banking practices and strong commitment to sound ethical and professional standards in the banking industry.
Mrs Patricia Sappor, the President of CIB Ghana, said the Code would ensure that Chartered Bankers continued to play critical roles in the banking Industry and distinguished themselves on account of the significant contributions they made to the banking profession, which was the only qualification customised to the core practice of banking.
Speaking on some interventions of the Bank of Ghana, she said the recapitalisation directive it gave was one of the key pillars in ensuring a resilient, liquid, profitable and well capitalized sector with the industry’s capital adequacy ratio of 20 per cent as at October 2020, well above the regulatory 13 per cent prudential limit under the Basel II/ III framework, even amid COVID-19.
She said banks worldwide were undergoing rapid transformation in their business models through innovations in technology and shifts in customer expectations, adding that, the knowledge and application of mega trends in technology were also shaping the global banking landscape.
The landscape included open banking also known as "open bank data" through the use of Application Programming Interfaces (APIs), Block chain and crypto currencies, an invention that is fast changing the world, data […]
