Governor’s Keynote Address at the 23rd Annual Banking Conference of Chartered Institute of Bankers, Ghana

To fully harness this potential growth, investment and employment opportunity, the Bank of Ghana together with the Government and other agencies have pursued regulatory reforms in the banking and payments industry to provide the legal basis and the enabling environment for a strong banking and digital financial ecosystem. Laws passed under the reform project include the Banks and Specialised Deposit-taking Institutions Act, the Deposit Protection Act, and the Payment Systems and Services Act. By the passage of these laws, the regulatory environment has been enhanced and strengthened and the banking industry is now well-positioned to interface with Fintechs and at the same time offer flexibility to banks to deliver innovative digital products on a large scale.