Business News of Monday, 3 February 2020Source: classfmonline.comBank of Ghana named African Central Bank of the YearBank of Ghana Governor, Ernest AddisonThe Bank of Ghana (BoG) has been named as the African Central Bank of the Year for 2019 following impressive achievement in reforming the Ghanaian banking sector. The central bank has dealt with this complex set of risks, which could have caused serious damage to the country’s economy”, the report emphasised. But the performance of the central bank during the past three years indicates the institution is well placed to meet such challenges”, the report said. It was one of the first central banks in a developing economy to make such a move, the report opined. In October 2018, the Central Bank created a cyber security centre to aid the banking sector in dealing with this evolving risk.

Source: GhanaWeb February 03, 2020 11:26 UTC