Ghana Association of Banks Shaping the Financial Sector

The Ghana Association of Banks plays a crucial role in shaping the country's financial sector. Founded in 1975, it has been working tirelessly to promote the growth and development of the banking industry.

The association has been instrumental in advocating for policies that benefit the industry and the economy as a whole. This has led to increased access to financial services for the general public.

One of the key initiatives of the Ghana Association of Banks is the promotion of financial inclusion. This involves increasing access to banking services for underserved communities and promoting the use of mobile money and other digital financial services.

The Ghana Association of Banks (GAB) has a strong leadership team that oversees the operations of its member banks.

The GAB is led by a President who is elected by the members.

The current President of GAB has been instrumental in promoting the interests of the banking industry in Ghana.

Kofi Adomakoh has been elected as the new President of the Ghana Association of Banks (GAB).

He takes over from Mansa Nettey, who served a successful three-year term in office from January 2021.

The incoming President will be in office for the next three years.

Mansa Nettey handed over to Adomakoh, confident that he can continue making significant strides in the industry.

The outgoing President praised the industry's resilience and recovery, despite economic challenges and obstacles.

Kofi Adomakoh thanked Mansa Nettey and the Governing Council for their efforts in steering the Association's affairs.

He pledged to work collaboratively with his colleague Executives and members of the new Governing Council.

The incoming Governing Council comprises the Managing Directors of major banks in Ghana.

The new council will work together to strengthen the resilience and safety of the banking sector.

The Ghana Association of Bankers (GAB) has a history of making strategic executive appointments.

Mr. John Awuah was appointed by GAB as part of their executive team.

GAB has demonstrated a commitment to selecting experienced leaders to drive their organization forward.

The Ghana Association of Bankers (GAB) was established in 1980 to represent the collective interests of the banking sector in Ghana.

The GAB's founding members included major banks that had been operating in Ghana since the colonial era, as well as newly established indigenous banks.

The association's primary goal was to create a platform for dialogue and collaboration among banks, facilitating the exchange of ideas and strategies to improve the banking industry's overall health and stability.

The GAB has expanded its membership to include a wide range of banks, from large multinational institutions to smaller, local banks.

Over the years, the GAB has worked closely with the Bank of Ghana, the country's central bank, on regulatory and policy matters.

The association provides feedback on proposed regulations, advocates for policies that support the industry's development, and collaborates on initiatives to enhance financial inclusion and literacy.

The GAB also plays a vital role in promoting best practices and standards within the banking sector, addressing issues such as risk management, corporate governance, and customer service.

The association has navigated challenges such as economic downturns, regulatory changes, and technological advancements, always striving to support its members and the industry at large.

Today, the GAB continues to be a vital institution in Ghana's financial landscape, advocating for the interests of its members and promoting a robust, resilient, and inclusive banking sector.

The Ghana Association of Banks (GAB) has taken steps to address the rising threats in the banking sector. One notable initiative is combating banking sector fraud, which has been on the rise in 2023.

GAB has identified the need to strengthen security measures to prevent such fraud. This is a crucial step in protecting the interests of bank customers and maintaining public trust.

In response to the increasing cases of banking sector fraud, GAB has unveiled measures to combat these threats. These measures aim to enhance the overall security and integrity of the banking system.

Bank customers can rest assured that GAB is working hard to prevent and detect fraudulent activities. This effort will help minimize the risk of financial loss and protect personal information.