Daily Archives - November 9, 2021

Prudent steps taken to tackle cyber attacks in financial sector – BoG

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the strong regulatory and supervisory frameworks underpinning Ghana’s payment systems has enhanced the financial digitization process. However, he said, digitisation has come with risks which threaten customer trust and has the potential to unwind the gains of acceptability of digital products and services. He explained that issues of cybercrime,...

SEC issues guidelines to regularise credit rating industry

The Securities and Exchange Commission (SEC) has issued guidelines to regularise the operations of credit rating agencies (CRA) in the country, allowing for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. Per the new guidelines issued last week, SEC requires that any foreign company that is licenced as a CRA in another country but...