Aptivaa Consulting trains BoG employees on IFRS9, ICAAP and liquidity management


Aptivaa Consulting Ltd., a banking risk management and consulting firm, has organised an intensive workshop to train Bank of Ghana (BoG) employees in the International Financial Reporting Standard on accounting for financial instruments (IFRS9), Internal Capital Adequacy Assessment Process (ICAAP) and liquidity management.

The move forms part of the financial regulator’s ongoing skill enhancement programmes for staff, and is aimed at augmenting competencies of the Banking Supervision Department to safeguard the banking sector’s financial stability.

It further demonstrates the regulator’s commitment to keeping abreast with global best practices in the ever-evolving financial and technological landscape. Over a 4-day period, from May 25 to May 28, 2021, staff of the bank were instructed in class-leading modules by Aptivaa Consult – which drew from its deep domain knowledge and experience of working with various regulators around the globe.

The expansive range of topics covered were: IFRS 9, Importance of ECL modelling and regular model validation; ICAAP and aligning ECL to ICAAP and Risk-Based Supervision; Integrated stress testing, Risk Data Aggregation and Reporting framework; and Liquidity Risk Management and Interest Rate Risk in the banking book (Supervisory Review and Evaluation Process).

Speaking on the venture, Co-founder and Chief Operating Officer at Aptivaa Consulting, Sandip Mukherjee, revealed Aptivaa’s delight in partnering with BoG through its local business partner – First Vision Technologies Ltd.

“We are glad to partner the Bank of Ghana in this training workshop. We pride ourselves on providing thought-leadership and knowledge on the risk management subject matter. This workshop demonstrates the Bank of Ghana’s commitment to enhancing its employees’ knowledge base in the ever-changing arena of risk guidelines, and to keep up with the pace of global best practices. We are keen on providing continuous support to the Bank of Ghana in its endeavour to streamline and strengthen its risk management and banking supervision in the country,” he said.

Mr. Mukherjee also expressed optimism that the impact of this training session will ensure further partnerships, as Aptivaa looks forward to supporting many more initiatives and programmes of BoG in the future.

Aptivaa Consulting Solutions Pvt Ltd. is a banking risk management and consulting firm operating out of India, with offices in the UAE and UK. Aptivaa is an established service provider, offering comprehensive analytical solutions for clients in banking, insurance and other financial services.

Globally, we have worked with several clients to enable them successfully navigate the ever-changing regulatory & business environment. Our current suite of offerings to financial institutions includes cutting-edge solutions for balance sheet management, impairment losses computation, capital adequacy computation, portfolio analytics as well as model risk management.

Aptivaa has consolidated all its IP-based offerings and established a separate product division called Cognext.



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