The Bank of Ghana (BoG) has emphasised the need for banks to ensure all their staff go through an ethic certification programme and be recertified annually.
The training is expected to deepen the corporate governance practice and also help stem the tide of unethical behaviours and reduce the occurrence of ethical violations to the barest minimum.
Speaking on behalf of the Governor of BoG at the 27 National Banking and Ethics Conference in Accra by the Chartered Institute of Bankers on Tuesday (14 November) the head, ethics and internal investigations office at BoG, Bernard Otabil said the training is compulsory.
“Ladies and gentlemen, it is gratifying to note that, as part of today’s programme, the CIB will launch a newly redesigned flagship Chartered Banker (ACIB) curriculum and an ethics certification programme. These new professional development programmes would help create the required specialised knowledge and improve competency for the benefit of the industry.
“But, more importantly, it would help banking professionals imbibe the right ethical values to contribute to building the right ethical culture in the various institutions. Let me add that the ethics certification is for all employees working in the banking industry; and all bank staff must complete the certification programme and be recertified annually. Fit and proper assessment for key management positions should also include ethics certification. These are initiatives that the Bank of Ghana firmly supports.”
“I am also aware of the newly redesigned Chartered Banker qualification, which is relevant to all employees of banks. To build a professional and sustainable banking industry, professional qualification, and continuous professional development for those working in the industry must be taken seriously. Just as lawyers and doctors pursue approved courses of study, so must bankers. This will ensure the sustainable development of the financial sector,” Otabil said.
Reporting by Fred Dzakpata in Accra
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