BACK TO EVENTS
Ghana has just come out from a two-year comprehensive clean-up and recapitalisation reforms that sought to restore investor and public confidence in the sector initiated by the Bank of Ghana (BOG). The new banking regime has strengthened the corporate governance, cut down monetary policy rates, published a set of principles aimed at encouraging environmentally sustainable and socially responsible practices for banks as well as a five-year strategy for improving payments with emphasis on fostering the growth of electronic means of payments and increasing financial inclusion.
However, there is still a lot to overcome to strengthen the overall economy. Following the banking sector crisis, a lot of international banks have scaled down on boarding new banks who had an appetite to establish new Corresponding bank relationships. This is attributable to the weak Anti Money Laundering / Counter Terrorist Financing (AML/CTF) framework of some of the banks in Ghana. The banking sector also has to digest a large proportion of non-performing loans as well as closer regulation of the country’s non-bank finance sector.
In light of the current scenario, banks must pay close attention to current deficiencies in AML/CTF, sanctions, legislative activities, screening, monitoring and all corresponding banking activities that may impact their underlying clients. The banks need to adopt a customer focused view and embrace a fully digital strategy that would include the end-to-end modernization of the bank's infrastructure while adhering to the recent changes and reforms.
Through the Digital Banking Summit 2020, we bring forth a C-level platform that will concentrate on global trends and disruptions, how market players can ascertain opportunities and respond to the threats. A gathering that focuses on the big issues from Fintech Disruption to Financial Inclusion, Blockchain and Regtech.
With Keynotes, Candid Conversations, Fire-Side Chat, Panels, and Focus sessions we aim to outline the challenges and opportunities within the industry, the content has been curated to educate, inspire and empower leaders to advance their pioneering strategies and integration - effectively cultivating their bottom line.