Maxwell Opoku-Afari: A safer digital financial industry

Speech by Dr Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, at the launch of the Cyber Security Directive for Financial Institutions, Accra, 22 October 2018.

Central bank speech  | 
20 December 2018

Salutations

1. Good afternoon Ladies and Gentlemen. It is a pleasure to welcome all of you to the Bank of Ghana and I deem it a great honour for having such august audience joining us for this special occasion. As we are all aware, today marks another significant milestone in the history of Ghana's financial sector as we launch the Cyber Security Directives for Financial Institutions.

2. After careful consideration on issues regarding cyber security and its implications on financial intermediation, the Bank chose the theme "A Safer Digital Financial Industry" to launch the Cyber Security Directives for two main reasons. First, we envisage that this theme will shape the strategic direction in terms of cyber security of the banking industry and to the larger extent, the entire financial sector.