Issues emerged from banking sector clean up caused review of nat’l banking college strategies – BoG

First Deputy Governor of the Bank of Ghana (BoG) Dr. Maxwell Opoku-Afari has said that the Governing Council of the National Banking College (NBC), together with the various management teams, has selflessly managed affairs at the College in line with the best practices and ensured its continued growth and relevance in the industry.

In each passing year, he said, the institution has navigated through various economic landscapes and regional and global transformations to become stronger and more impactful.

Indeed, he added, the continued success of NBC attests to its resilience and dedication.

“More recently, issues that emerged from the banking sector clean up exercise necessitated a review of NBC’s strategies to actualise its vision of becoming a world-class institution, delivering effective training in banking and finance, and thus playing a leading role in the
capacity building of employees in the financial sector,” he said in a statement he presented on behalf of the Governor of the BoG, Dr Ernest Addison at the 30th anniversary celebration of the NBC last week.

In the context of recent developments in global economics and then the Ghanaian
banking industry, Dr Opoku-Afari further stated, the Governing Council, approved a five-year strategic roadmap spanning 2021 to 2026, and empowered the Management of NBC to define a clear and collective direction to achieve the mandate.

In line with this, he said, the College has expanded course offerings, introduced new programmes, enhanced infrastructure, and ensured continuous investment in faculty development.

“Today, as we commemorate NBC’s 30th anniversary, we will not only celebrate past achievements, but also look forward to a future filled with promise, innovation, and continued growth,” he said.

Banking sector clean-up was necessary, not destructive to Ghana’s Economy – Financial Analyst

“Over the past 30 years, a strong Governance and Oversight structure has been
established and implemented by the Governing Council. This has contributed to
maintaining the highest standards of integrity, customer focus, excellence, teamwork,
professionalism, and fairness, and ultimately, sustaining operations of the College.

“Indeed, the Council remains deeply committed to upholding its governance role with
utmost diligence and responsibility. Through the setup of specialised Committees
(such as Finance and Administration, Technical, and Audit and Governance), the
Council plays a pivotal role with diligent oversight in all aspects of operations,” he added.

This, he said, has ensured that the Banking College operates within the legal and regulatory frameworks, safeguarding its reputation and building stakeholder trust. Transparency, accountability, and ethical conduct are other hallmarks that the Council holds in high regard, and all these have become embedded in the governance framework.

“Additionally, NBC has built partnerships over the years and collaborated with other
stakeholders to enrich the educational offerings, faculty development, and student
opportunities.”