The Bank of Ghana has been presented with the prestigious Central Bank of the Year Award by the Central Banking Awards Committee.
The award follows the bank’s successful implementation of monetary policy and impressive achievement in reforming the banking sector in Ghana.
The usual awards dinner which was slated for March 2020, in Brussels, Belgium to highlight the outstanding performance and achievements of awardees was called off due to the emergence and worldwide effect of the coronavirus pandemic.
The closure of country borders and airports with travel restrictions made it impossible for organisers of the award scheme to celebrate the award winners.
At a virtual ceremony to receive the award, the Governor of the Bank of Ghana, Dr Ernest Addison, said, It is a great privilege for the Bank of Ghana to be named the Central Bank of the Year, and I thank the team at Central Banking for the honour done us.This award reflects our vision to build a central bank of excellence that is well-respected by stakeholders, and further strengthens our resolve to continue to implement sound monetary and financial sector policies.
The successful execution of our Monetary Policy and the Financial sector reforms and subsequent turnaround in the economy, which this Award duly recognises, has been due to the hard work of the whole Bank of Ghana team Thank you all for sharing in the vision to ensuring macroeconomic stability and establish a stable, sound, and resilient banking sector to support the country’s growth and development agenda, he added.
The Central Banking Awards were set up to highlight the outstanding performance and achievements of individuals and organisations within the central banking community.
The awards recognise excellence in a community facing difficult monetary policy and financial stability challenges that needed to be addressed effectively, while prudently embracing technological change in reserves, financial services, payments, currency management and data.