BoG to roll out new digital banking framework as financial sector goes more digital
The Bank of Ghana (BoG) is set to roll out a new regulatory framework for digital banking as part of efforts to strengthen oversight of Ghana’s rapidly evolving financial sector.
The Governor said the central bank is continuing efforts to modernise Ghana’s national payment systems to build a financial ecosystem that is secure, efficient and inclusive.
He said the directive requires financial institutions to strengthen board-level expertise in cyber risk management and introduces Ghana’s first comprehensive framework for the governance of artificial intelligence in areas such as fraud detection, credit scoring and customer service.
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