{"id":72757,"date":"2024-05-08T16:43:54","date_gmt":"2024-05-08T16:43:54","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=72757"},"modified":"2024-05-08T15:46:13","modified_gmt":"2024-05-08T15:46:13","slug":"bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches","title":{"rendered":"Bank of Ghana will not hesitate to crack the whip on financial institutions involved in breaches"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the central bank will not hesitate to crack the whip on institutions involved in regulatory breaches.<\/b><\/p>\n

As the regulator, he said, the Bank of Ghana is fully committed to remain vigilant in its oversight operations of all financial institutions in Ghana.<\/p>\n

That notwithstanding , he said, banks have continued to breach guidelines that have been set to ensure that the Banking system remains safe and sound and free from all facets of financial crime including money laundering, fraud, terrorist financing, corruption, market manipulation, insider dealings and cybercrime.<\/p>\n

\u201cAs the regulator, the Bank of Ghana is fully committed to remain vigilant in its oversight operations of all financial institutions in Ghana. Notwithstanding this, Banks have continued to breach guidelines that have been set to ensure that our banking system remains safe and sound and free from all facets of financial crime including money laundering, fraud, terrorist financing, corruption, market manipulation, insider dealings and cybercrime,\u201d he said.<\/p>\n

\u201cLet me note that, to protect depositors, while ensuring the stability and soundness of the banking system, the Bank of Ghana will continue to be vigilant to ensure that banks comply with regulatory requirements and guidelines to build trust and confidence in our financial institutions,\u201d he said at an event for Name change Galla Dinner for FBN Bank, in Accra on Thursday May 2.<\/p>\n

BANK OF GHANA\u2019S HIGHER CASH RESERVE REQUIREMENT FOR COMMERCIAL BANKS IS COUNTERPRODUCTIVE \u2013 KWAKYE<\/p>\n

He further stated that the banking sector operations and services are rapidly evolving, driven by financial technology advances.<\/p>\n

The emergence of fintechs in the financial ecosystem, and their delivery of innovative financial products and services, he said, has rejuvenated the adoption and diffusion of technology in every sphere of banking sector operations, which have supported the financial inclusion agenda.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the central bank will not hesitate to crack the whip on institutions involved in regulatory breaches. As the regulator, he said, the Bank of Ghana is fully committed to remain vigilant in its oversight operations of all financial institutions […]<\/p>\n","protected":false},"author":84,"featured_media":72756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-72757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nBank of Ghana will not hesitate to crack the whip on financial institutions involved in breaches - Ghana<\/title>\n<meta name=\"description\" content=\"Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the central bank will not hesitate to crack the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Ghana will not hesitate to crack the whip on financial institutions involved in breaches\" \/>\n<meta property=\"og:description\" content=\"Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the central bank will not hesitate to crack the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T16:43:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1715170538.503952.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bank of Ghana will not hesitate to crack the whip on financial institutions involved in breaches\",\"datePublished\":\"2024-05-08T16:43:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches\"},\"wordCount\":331,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1715170538.503952.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bank-of-ghana-will-not-hesitate-to-crack-the-whip-on-financial-institutions-involved-in-breaches\",\"name\":\"Bank of Ghana will not hesitate to crack the whip on financial institutions involved in breaches - 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