24.9 C
Accra
Monday, October 3, 2022

Prez Akufo-Addo tasks BoG to make Ghana’s financial sector robust for global integration

Must Read

Otumfuo calls for urgent steps to tackle alarming rate of deforestation

SOURCE: GNA Otumfuo Osei Tutu II, the Asantehene, has called for urgent steps to curb the alarming rate of deforestation...

Tragic: 174 people killed in Indonesian stadium stampede and riot

SOURCE: GNA - At least 174 people are reported to have died after clashes at the Kanjuruhan Stadium located in...

Burkina Faso coup: AU condemns military junta

SOURCE: African Editors African Union has condemned what it called the “unconstitutional change of government” in Burkina Faso. On Friday, Junior...

President Nana Addo Dankwa Akufo-Addo  has tasked the Bank of Ghana to make sure Ghana’s financial sector remains robust for global integration by ensuring compliance with international standards.

Speaking in Accra at the 25th SWIFT Africa regional conference,  the President called for concerted efforts in fighting the increasing cases of cyber attack on digital platform or risk erroding the confidence in the financial payment system.

The SWIFT African Regional Conference  is an annual event which brings together over 900 high senior financial professionals from across the continent to discuss Africa’s evolving payments landscape, how the financial industry is embracing and delivering change for its customers, and how to manage risk in an increasingly digitised world.

This year’s agenda  looks at how Africa’s financial industry is evolving. The international payments landscape is undergoing significant change as disruptive technologies enter the payments market and put pressure on traditional banking practices.

President Akufo-Addo mentioned intervention put in place by government to digitise the economy.

These include introduction of paperless port system, National ID card, mobile money interoperability among others.

He said government will continue embrace technology and called on relevant stakeholders to help protect the cyberspace.

He said government has committed itself to having a system to manage all receipt and payment by 2020. 

The three (3)-days conference is focusing on establishing a digital economy among member states.

Report filed by Bright Ntramah

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Otumfuo calls for urgent steps to tackle alarming rate of deforestation

SOURCE: GNA Otumfuo Osei Tutu II, the Asantehene, has called for urgent steps to curb the alarming rate of deforestation...

Tragic: 174 people killed in Indonesian stadium stampede and riot

SOURCE: GNA - At least 174 people are reported to have died after clashes at the Kanjuruhan Stadium located in East Java, Indonesia on Saturday. This...

Burkina Faso coup: AU condemns military junta

SOURCE: African Editors African Union has condemned what it called the “unconstitutional change of government” in Burkina Faso. On Friday, Junior officers overthrew Lieutenant-Colonel Paul-Henri Sandaogo...

GRA sanctions three Auto Mechanic shops at Adenta and Madina

SOURCE: GNA The Ghana Revenue Authority,  GRA has seized documents and equipment from alleged tax defaulters for failing to issue Value Added Tax, VAT, invoices. GRA...

CAF to re-open bidding for 2025 Africa Cup of Nations

The Confederation of African Football, CAF, is to re-open bidding for the 2025 Africa Cup of Nations after stripping Guinea of the right to...

More Articles Like This