BOG gets AFI award

Business Desk Report Business News Sep - 18 - 2023 , 15:04

The Bank of Ghana has won the 2023 Financial Inclusion Institutional Leadership Award at the just ended AFI 2023 Global Policy Forum which climaxed in Manila, Philippines, last Friday.

The award was for the bank’s pioneering role in promoting financial inclusion and intellectual contributions to the Alliance for Financial Inclusion (AFI) Knowledge Products and Policy Guidelines.

The award was received by the Second Deputy Governor, Mrs Elsie Addo Awadzi, who also chairs AFI’s Gender Inclusive Finance Committee.

Through the bank’s representation on all seven Working Groups of AFI, three of which it chairs, it contributes significantly to peer reviews of member jurisdictions’ policy and regulatory frameworks and helps to shape enabling policy and regulation of various pillars of financial inclusion.

The bank has also hosted a number of AFI peer learning exchange programmes where it has provided training for members of the AFI network.

AFI

The Alliance for Financial Inclusion is a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at country, regional and international levels. Its eighty-five (85) member institutions come from over eighty (80) emerging and developing countries.

Global Policy Forum (GPF)

The GPF is an annual flagship event of AFI, organised to share experiences of financial inclusion implementations of member countries, assess impact of financial inclusion policies, socio-economic developments, and global financial standards on financial inclusion, and make new policy commitment on financial inclusion to address observed challenges.

The theme of the 2023 GPF was: “Stability, Sustainability and Inclusivity for Shared Prosperity” which emphasised the importance of financial inclusion and sustainable development for monetary and financial stability.