The Bank of Ghana (BoG), has reiterated its commitment to deepen its regulations within the financial market.
The Central Bank said it will invest in data protection to prevent fraud-related cases from stifling innovation within Ghana’s financial sector.
Speaking on behalf of the Governor at the West African Institute for Financial and Economic Management (WAIFEM) engagement with member states, the Head of Risk and Foreign Reserves Management at the BoG, Stephen Opata, urged central banks across the sub-region to build capacity on regulations.
He pointed out that such an initiative will help central banks on the continent to collaborate in the fight against cross-border financial fraud.
Mr. Opata emphasised the importance of coordinating activities among Central Banks to improve the general banking environment on the continent.
Source: Myjoyonline
