Bank of Ghana inaugurates Association of Chartered Bankers

The Bank of Ghana has inaugurated an association of Chartered bankers.

The central bank is the first to have a local chapter of the association in the country.

Known as the Bank of Ghana Association of Chartered Bankers (BoGACB), the group was formed with a primary objective of bringing professionalism and ethical standards into the banking industry.

Speaking at the inauguration in Accra October 22, 2013, the Association’s President, Dr Yaw Gyima-Larbi said the idea was to “promote the culture of integrity and professionalism in the banking industry”.

Dr Gyima-Larbi announced that (BoGACB) has a total number of 71 members who are Associates of the Chartered Institute of Bankers (CIB) Ghana.

He explained that the tchartered banker status shows that “you meet the high technical and ethical standards which customers and regulators expect bankers to uphold”.

The first Deputy Governor of the BoG, Mr Millison Narh, urged the chartered bankers to uphold trust in their dealings.

Mr Narh said “Trust is key to financial service delivery hence customers and other stakeholders in the banking sector would entrust their deposits to banks only if they have confidence in the banks.

According to him, inappropriate behaviours of the Ghanaian banker could inhibit deposit mobilisation and wealth creation since the industry is a people-centered one.

On his part, President of the CIB, Mr Clifford Duke Mettle, said it was refreshing to note that it was central bank that has spearheaded the formation of the association which is in line with the CIB’s project.

“Evidently, you have proved that the Central Bank is the fulcrum on which all banks evolve,” Mr Mettle said.

Mr Mettle hoped that the formation of the association will be replicated across all banks in Ghana.

By Ekow Quandzie

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