Presidential Charter to regulate professional banking in Ghana

The Chartered Institute of Bankers (CIB-Ghana), through the Education Ministry, is finalizing a bill that will accord it a strong legal backing to run professional qualifications for banking practice in Ghana.

The ‘Presidential Charter’ will qualify bankers to be appointed to certain positions based on acquired certification, says Clifford Mettle, President of the Institute.

According to him, the Charter “will embolden the Managing Directors of the various banks to place our students in the right positions that they have actually achieved – we want to place bankers where bankers belong”.

Speaking to Luv Biz Report at the opening of a Institute of Bankers branch office in Kumasi, Mr. Mettle said the Charter is of prime importance to all bankers in holding positions of authority.

“If you are an engineer, you need an engineer’s qualification to work as an engineer in an engineering firm. Similarly, the institute wants to make sure that we also chart the same cause; if you want to hold a position in the bank, you should have the certificate of professionalism,” stated Mr. Mettle.

CIB-Ghana is the professional umbrella body for banks and other financial institutions in Ghana.

Chief Executive Officer of the Institute, Anthony Yaw Oppong, says the Kumasi office of the institute will serve the Northern sector of the country.

“All the activities that we embark during the year, we’ll bring part to Kumasi so that our members will not necessarily come down to Accra before they can access our services,” he said.

 

The Institute is currently embarking on a Compulsory Continuous Professional Development for its members.

Story by Kofi Adu Domfeh