{"id":186787,"date":"2024-06-04T18:29:00","date_gmt":"2024-06-04T18:29:00","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/04\/2023-was-a-challenging-year-but-at-the-same-time-fulfilling-in-terms-of-progress-governor-addison\/"},"modified":"2024-06-04T18:29:00","modified_gmt":"2024-06-04T18:29:00","slug":"2023-was-a-challenging-year-but-at-the-same-time-fulfilling-in-terms-of-progress-governor-addison","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/04\/2023-was-a-challenging-year-but-at-the-same-time-fulfilling-in-terms-of-progress-governor-addison\/","title":{"rendered":"2023 was a challenging year but at the same time fulfilling in terms of progress \u2013 Governor Addison \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Governor of the Bank of Ghana, Dr Ernest Addison has said that 2023 was a challenging year, but at the same time fulfilling in terms of the progress made in unwinding the macroeconomic imbalances, as well as promoting financial stability.<\/strong><\/p>\n<p>He assured that the bank would continue to maintain its focus and remain committed to the pursuit of the policies and programmes that contributed to the emerging recovery process in order to consolidate the gains achieved so far.<\/p>\n<p>He said in the foreword of the BoG\u2019s 2023 annual report and financial statement \u201cLet me conclude by saying that 2023 was a challenging year, but at the same time fulfilling in terms of the progress made in unwinding the macroeconomic imbalances, as well<br \/>as promoting financial stability.<\/p>\n<p>\u201cI would like to thank the Board, the MPC, and Staff of the Bank for their unflinching support and hard work. I have the fervent hope that next year, we will continue to maintain our focus and remain committed to the pursuit of the policies and programmes that contributed to the emerging recovery process in order to consolidate the gains achieved so far.\u201d<\/p>\n<p>Dr Addison further stated that the Bank continued to improve the cyber environment<br \/>for banks and other regulated financial institutions to promote the delivery of a safe digital financial industry.<\/p>\n<p>In the year, the Bank formally launched the Financial Industry Command Security Operations Centre (FICSOC), a project initiated in November 2020, to address cyber risks on a broader level.<\/p>\n<p>The FICSOC serves as an intelligence-sharing platform to continuously monitor and safeguard regulated financial institutions and the banking industry from cybersecurity threats.<\/p>\n<p>In the review year, the Bank continued to coordinate, monitor, and evaluate risks within its operational areas. To assess system resilience, criticality tests of the Bank\u2019s systems were successfully conducted. Also, a strong organisational culture was maintained with programmes and activities to improve the level of ethical awareness and ensure reinforcement of the Bank\u2019s core values among staff. Building intellectual capital of staff remained a priority throughout the year.<\/p>\n<p>To this end, the Bank continued to implement the Human Capital Support Project and<br \/>conducted Employee Satisfaction Surveys, both aimed at enhancing staff competencies and improving human resource functions.<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Governor of the Bank of Ghana, Dr Ernest Addison has said that 2023 was a challenging year, but at the same time fulfilling in terms of the progress made in unwinding the macroeconomic imbalances, as well as promoting financial stability. He assured that the bank would continue to maintain its focus and remain committed to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":186788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-186787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2023 was a challenging year but at the same time fulfilling in terms of progress \u2013 Governor Addison \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/04\/2023-was-a-challenging-year-but-at-the-same-time-fulfilling-in-terms-of-progress-governor-addison\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2023 was a challenging year but at the same time fulfilling in terms of progress \u2013 Governor Addison \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Governor of the Bank of Ghana, Dr Ernest Addison has said that 2023 was a challenging year, but at the same time fulfilling in terms of the progress made in unwinding the macroeconomic imbalances, as well as promoting financial stability. 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