"Bank of Ghana elected Vice Chair of African Financial Inclusion Policy Initiative"

" \n Bank of Ghana elected Vice Chair of African Financial Inclusion Policy Initiative \n \n\n \n The Bank of Ghana (BoG) has been elected as the African Financial Inclusion Policy Initiative (AfPI) Vice Chair. \u00a0 Seychelles however takes over as AfPI Chair. AfPI Leaders\u2019 Roundtable will therefore be held in Seychelles in 2023. \u00a0 The Central Bank of Seychelles took over as the Chair of AFI\u2019s African Financial Inclusion Policy Initiative (AfPI) from the Bank of Tanzania. \u00a0 Prof. Florens D.M.A Luoga, Governor Bank of Tanzania, handed over the post to his Seychelles counterpart, Governor Caroline Abel, on 23rd June, 2022 during AfPI Leaders\u2019 roundtable in Arusha, Tanzania. Governor Abel is the first woman to Chair an AFI regional initiative. \n \n\n \n Expressing appreciation and honour given to him and cooperation he enjoyed with AFI Management Unit and from members of the African Financial Inclusion Policy Initiative (AfPI), Professor Luoga welcomed Governor Abel as the new chair during the closed AfPI leaders\u2019 discussion. \u00a0 He thanked Prof Luoga and the Bank of Tanzania for the leadership during the past two challenging years of the global COVID-19 pandemic. \u00a0 AFI Executive Director, Dr. Alfred Hannig praised collaboration and engagement both in the Africa region and the global network. \u00a0 \u201cThis week\u2019s meetings were a testimonial to what was possible with the guidance and leadership of BoT and Professor Luoga\u201d, Dr. Hannig said before inviting the new chair to give her remarks. \u00a0 Honoured and humbled about the new role for her institution, Governor Abel assumed the post noting that this \u201cnoble task of fostering partnerships and exchanging experiences would further take the network to new heights and continue to play a critical role in peer learning on innovative financial inclusion policies across the African continent\u201d. \u00a0 She emphasised that diversity in both AFI\u2019s biggest regional initiative and the global network presents ample opportunities to gain new perspectives and strengthen efforts to move forward. \u00a0 \u201cOur journey to enhance financial inclusion is ongoing. We have to adapt to changing realities to enhance financial services for all and achieve inclusive and sustainable economic growth\u201d, Seychelles Governor said in her acceptance remarks. \u00a0 Governor Abel\u2019s post of the AfPI Chair reflects the progress made in gender and women-inclusive finance in the network as part of work under the Denarau Action Plan (DAP). Overwhelmingly endorsed by the network in 2016, the DAP targets to accelerate women\u2019s financial inclusion by halving the financial inclusion gender gap across AFI member jurisdictions by 2021, strengthen women\u2019s leadership and contribute to the Sustainable Development Goals, specifically Goal 5 on gender equality. \u00a0 The Leaders also approved EGFIP\u2019s new composition, which now includes Bank of Namibia as the New Chair, taking over from Bank Al-Maghrib, while the Bank of Tanzania has been elected as the Vice-Chair. Experts identified four key emerging policy areas to work on: consumer protection for digital financial services, digital financial literacy, inclusive fintech, fintech and data to map the impact of fintech on financial inclusion in the region. \u00a0 10th Leaders\u2019 Roundtable in Africa \u00a0 Earlier in the day, leaders of AFI member institutions in Africa, governors, deputy governors and special representations held their 10th annual Leaders\u2019 Roundtable. \u00a0 This is the first time AFI Africa leaders met in person, following two years of virtual work. \u00a0 Leaders discussed inclusive digital finance and policies that promote financial inclusion for vulnerable groups such as women, the youth, forcibly displaced persons, and rural and remote communities. \u00a0 High-level public-private dialogue which followed, offered an exchange of market-based solutions that promote sustainable and inclusive finance. \u00a0 \u201cThis week\u2019s programme showed how the network has matured. This is obvious from contributions and quality of solutions shared. The spirit of our community is back\u201d AFI\u2019s Hannig told the leaders adding that members in the region showed incredible resilience and energy over the past two years. \u00a0 \u201cThis region has been instrumental in making AFI a leading global policy alliance\u201d, Dr Hannig underscored and thanked Bank of Tanzania for its leadership. \n "

"Bank of Ghana elected Vice Chair of African Financial Inclusion Policy Initiative"

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