Matthew Opoku Prempeh, the Minister for Education, has urged the new Governing Council of the Chartered Institute of Bankers (CIB) Ghana to aspire to meet higher standards to able to manage risk, stating that the quality of members of the banking profession is crucial to sustaining gains of the recent reforms and overall success of the industry.
“It is evident that the continued success in the ever-changing banking environment will very much depend on our ability to harness the industry’s intellectual capital more productively. In other words, the quality of the members of the banking profession is vital to the industry’s success.
“Much focus therefore has to be given to talent development, with significant investments in capacity building to raise the standards on education in financial services,” he said at the official swearing-in of the new Governing Council of CIB Ghana, which came off at the Conference Room of the Ministry.
The 11 members of the Governing Council include Rev. Mrs Patricia Sappor, FCIB as President; Mr. Sampson Omari, ACIB as Vice President; Mr. Clifford Mettle, FCIB; Mr. Charles Ofori-Acquah, FCIB; Mr. Sina Kamagate, ACIB; Ms. Abena Pokuaa Ackah, FCIB; and Dr. Mrs. Akorfa Ahiafor, ACIB, all as members of CIB.
Other members are Mr. Michael Amoafa-Atuobi, FCIB from the Bank of Ghana; Lawyer John Darko from the Ministry of Education; Mr. Sampson Akligoh, from the Ministry of Finance; and Mr. Daniel K. Mensah, FCIB (Hon.) from Ghana Association of Bankers.
The team was tasked by the minister to ensure successful operation of the institute to deliver efficiently on its mandate, which will ultimately safeguard the banking industry.
Patricia Sappor, CIB’s President, recounting some history noted that the swearing-in is the first in the over-40-year existence of the Chartered Institute of Bankers (CIB) Ghana. Also, the Council is the first since introduction of the Chartered Institute of Bankers Ghana Act 2019, Act 991, passed by Parliament and subsequently assented to by the president on the 27th June, 2019.
“This Act and inauguration of the Governing Council could not have come at a better time, when as a nation we are in a process of rebuilding confidence in the financial sector. Our mandate by the Act to provide professional education and regulate banking practice in Ghana will therefore certainly help in promoting ethical behaviour in the financial services industry of Ghana.
“By this Act and this inauguration, the Institute has a renewed commitment in exercising its core mandate by churning out professional bankers who will uphold values and ethics of the banking profession,” she said.
Mrs. Sappor expressed her appreciation to the Minister of Education and other industry stakeholders such as the central bank, Ghana Association of Bankers, Ministry of Finance, and the Attorney-Generals’ Department for their support in executing the institute’s agenda.
“On behalf of my colleagues, we pledge to deliver our mandate dispassionately to advance the interest and progress of Ghana and the financial industry at large. Please do accept our deepest appreciation, once again, for all the support given to the Chartered Institute of Bankers Ghana.”