In spite of the difficulties facing the banking industry, the Bank of Ghana (BoG) has reassured its depositors that their money is secure.

The central bank announced that it will act proactively to thwart any plans to jeopardize depositor funds.

During the 60th anniversary celebration of the Chartered Institute of Bankers (CIB) dinner held at the University for Professional Studies (UPSA) in Accra, Dr. Ernest Addison, the Governor of the Bank of Ghana, asserted that the financial system of the Bank of Ghana is still intact.

“This notwithstanding, let me use this opportunity to once again assure the public that, on the back of the DDEP and other risks that may emerge in the banking sector, the Bank will continue to closely monitor developments and, where need be, take appropriate and decisive actions to address the same. Also, the Bank will ensure that depositors’ funds remain safe, and that the financial system remains stable and resilient,” he stated.

Furthermore, Dr. Ernest Addison expressed confidence in the country’s economy’s gradual recovery, citing favorable conditions for the banking sector to remain viable, such as a decrease in inflation and the exchange rate.

As part of its anniversary celebration, the CIB President, Benjamin Amenumey, disclosed that the organization has established a Banking Sector Professional Development Fund to facilitate leadership development.

“The Institute launched a Banking Sector Professional Endowment Development Fund dubbed “60 for 60,” which is GH¢60 million for 60 years. This fund is to support talent and leadership development. I call on our stakeholders: Bank of Ghana, Universal Bank, development partners of the institute to contribute generously to fund this program,” he said.