<< Back             Poser >> Bank of Ghana to review cybersecurity compliance of commercial banks Business Dr Johnson Asiama – Governor. The Bank of Ghana (BoG) says it will undertake thematic reviews of banks’ compliance with its revised Cyber and Information Security Directive amid growing concerns about digital fraud, cyber threats and other risks associated with digital financial services.   Dr Johnson Pandit Asiama, Governor of the Bank of Ghana, said cybersecurity, data protection, cloud computing, third-party dependencies, and operational resilience were receiving increasing supervisory attention.   He announced the planned reviews at the 43rd Annual General Meeting of the Ghana Association of Banks in Accra.   “Digitalisation is transforming financial services. It has improved efficiency, convenience and financial inclusion, but it has also created new channels through which risks can emerge,” he said.   Dr Asiama said the Bank had continued to work with the Ghana Association of Banks and industry players to facilitate the implementation of the revised Cyber and Information Security Directive.   He urged bank boards and senior management to treat cybersecurity and operational resilience as core business risks rather than merely technology issues.   The changing financial environment required institutions to strengthen their risk-management frameworks and prepare for emerging threats.   Regulatory and supervisory frameworks, he said, must continue to evolve alongside technological developments and increasingly interconnected financial risks.   The planned reviews form part of the Bank’s broader supervisory efforts to strengthen the resilience of financial institutions as digitalisation reshapes the banking sector.   The meeting also marked the launch of the sixth edition of the GH Bankers’ Voice magazine.   Source: GNA Ghana Business News	Bank of Ghana to review cybersecurity compliance of commercial banks The Bank of Ghana (BoG) says it will undertake thematic reviews of banks’ compliance with its revised Cyber and Information Security Directive amid growing concerns about digital fraud, cyber threats and other risks associated with digital financial services. Nigerian government introduces ‘five big fiscal reforms’ to woo investors, engender growth “People say, and we agree with them, that it's difficult to find data about Nigeria, especially from the fiscal side. Something as important as our tax-to-GDP ratio, you can't find it easily.” Dangote Refinery: N6.3tn net profit, IPO extension, import licence appeal, other keys developments Dangote Refinery took centre stage in major business, finance and economic discussions in Nigeria and across Africa from Monday to Wednesday. DAILY POST, in this report, highlights major talking points about the 700,000-barrel-per-day refinery based in Lekki, Lagos. First, Dangote Refinery extended the deadline for its much-talked-about N525-per-share Initial Public Offering, IPO by 14 days, […] Dangote Refinery: N6.3tn net profit, IPO extension, import licence appeal, other keys developments Zenith Bank deepens commitment to girl-child development, empowers 300 school girls The initiative, a brainchild of the Bank’s Group Managing Director/Chief Executive Officer, Dr Adaora Umeoji, reflects Zenith Bank’s commitment to nurturing the potential of young girls and helping them make informed choices about their futures. Bank of Ghana develops AI rules for financial sector The Bank of Ghana (BoG) is developing a directive to regulate the use of artificial intelligence (AI) in the financial sector, as it seeks to promote innovation while addressing emerging risks. Nigeria woos investors at World Petroleum Congress Nigeria has called on international investors to take advantage of its vast oil and gas resources, ongoing industry reforms and strategic access to the African market to drive long-term investment in its energy sector. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the call at the 25th World Petroleum Congress in […]