The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has called on banks to strengthen their risk management frameworks, adopt sustainable business models and enhance institutional resilience to safeguard the gains made in Ghana’s banking sector.
Speaking at the 43rd Annual General Meeting of the Ghana Association of Banks (GAB) and the launch of the sixth edition of the Ghana Bankers’ Voice Magazine in Accra on October 8, 2026, Dr Asiama said the banking industry had made significant progress in recent years and must continue to build on those achievements.
He cited stronger capital positions, improved financial stability and a reduction in non-performing loans as indications of the sector’s growing strength and stability.
According to the Governor, maintaining these gains will require banks to place greater emphasis on sound corporate governance, prudent risk management practices and innovation.
“Our ambition should be to build a banking sector that is strong enough to absorb shocks, innovative enough to adapt to change, and capable of financing Ghana’s long-term economic transformation,” he stated.
Dr Asiama stressed that a resilient banking sector is essential to supporting sustainable economic growth and fostering investor confidence in the country’s financial system.
He urged financial institutions to remain proactive in identifying and managing emerging risks while embracing innovation to improve efficiency, customer service and competitiveness.
The Governor also reaffirmed the Bank of Ghana’s commitment to working closely with the banking industry and other stakeholders to strengthen the financial sector.
He noted that the central bank would continue to collaborate with industry players to promote a sound, resilient, innovative and sustainable banking system capable of supporting national development objectives.
The event brought together banking executives, regulators and industry stakeholders to reflect on developments within the financial sector and discuss strategies for sustaining stability and growth in Ghana’s banking industry.