Group picture of participants
Ghana International Bank (GHIB) has facilitated an Enterprise-Wide Risk Assessment (EWRA) training programme for over 50 bankers across Ghana, Gambia, and Sierra Leone.
The three-day workshop organized in Ghana forms part of GHIB’s comprehensive plan to work closely with banks in the African sub-region to implement robust financial crime risk management systems.
Chief Banking Officer for GHIB, Ophelia Atttobrah, said her outfit noted that Enterprise Risk Assessment was a key deficiency for most of these banks, hence the training.
“In line with our vision to be the most compelling UK bank that focuses on Africa, we deemed it important to take the initiative to support some of these banks in upskilling in the EWRA area,” she said.
Country Representative, Ghana, and Head of Client Coverage Africa,Baafuor Ohene Abankwa, added that the programme will enable banks to put in place the right measures to manage risks and safeguard revenues.
“In today’s banking world, banks need to properly assess the risks they face to ensure they do not lose revenues. This training will equip them to assess risks from a financial crime-based point of view. Once that is done properly, banks will be confident that revenues will not be lost due to the crystalisation of certain kinds of risks,” he added.
Director of Financial Stability Department, Bank of Ghana, Dr. Joseph France, said the programme is timely because it plays a crucial role in correspondent banking in cross-border transactions.
“I urge participants to leverage this opportunity to equip themselves with the required competencies in EWRA methodology to ensure utmost compliance with the requirements of correspondent banks,”he stated.
By Jamila Akweley Okertchiri