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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

  • Business
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    • Agribusiness
    • Banking And Finance
    • Manufacturing
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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    • Asia
    • Europe
    • Middle East
    • US

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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APTIVAA Consulting Trains BoG Staff

July 19, 2021
in Business, News
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Aptivaa Consulting Solutions, a banking risk management and consulting firm has rolled out a training program for all staff of the Bank of Ghana (BoG) in ways to make them fully aware of their responsibilities on IFRS9, ICAAP and liquidity management.

This was to help the staff and management of BoG to navigate, work extremely hard to ensure the growth of the financial sector.

Reason

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The 4-day workshop played vital roles in helping banks to ensure sanity in the financial sector, tracing its roots to the ongoing global Covid-19 pandemic.

The Bank of Ghana (BoG) is the regulatory body for the banking sector in Ghana and has overall supervisory and regulatory authority in all matters relating to banking and non-banking financial business.

As a central bank, it aims to maintain price-stability and promote effective and efficient operation of the banking sector.

Strengthening sector

The training which was held from 25th May to 28th May 2021 explored the most relevant training topics needed to augment the skillset of Bank of Ghana’s team to enhance their effort to safeguard the banking sector.
Topics were curated in a manner that provided the team at Bank of Ghana with the necessary understanding of Risk Regulations and areas to focus for successful implementation of the regulations.
The broad topics covered during the course were specially designed to provide synergy and alignment to current regulations and upcoming regulations.

Topics covered during the sessions were;
1. IFRS 9, Importance of ECL modeling and regular model validation
2. ICAAP and aligning ECL to ICAAP and Risk Based Supervision
3. Integrated stress testing, Risk Data Aggregation and Reporting framework
4. Liquidity Risk Management and Interest Rate Risk in the banking book (Supervisory Review and Evaluation process)

Success

The workshop achieved its greatest aim with attendees describing the program initiative as an exciting process of putting into practice and getting all the knowledge needed in helping the economy back to its feet.

“We are glad to partner Bank of Ghana on this training workshop. We pride ourselves in providing thought leadership and knowledge on the Risk Management subject matter. This workshop demonstrates Bank of Ghana’s commitment to enhance their employees’ knowledge base in the ever-changing Risk guidelines and to keep up with the pace of Global best practices. We are keen to providing continuous support to Bank of Ghana in their endeavor to streamline and strengthen their Risk Management and Banking supervision in the country” Mr. Sandip Mukherjee (Co-founder and COO) Aptivaa Consulting said after the session in an interaction with the media.

The 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.

About APTIVAA Consulting

Aptivaa consulting solutions Pvt Ltd is a banking risk management and consulting firm based out of India with offices in UAE and UK. Aptivaa is an established services provider, offering comprehensive analytical solutions, for clients in banking, insurance, and other financial services. Globally, Aptivaa have worked with several clients to successfully navigate the ever changing regulatory & business environment.
Aptivaa has consolidated all its IP based offerings and established a separate product division called cognext.
Aptivaa Consulting and its local business partner (First Vision Technologies Ltd) look forward to supporting many more initiatives and programs of Bank of Ghana in future.

Source: APTIVAA Consulting
Tags: APTIVAA Consulting
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