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Coronavirus pandemic still threatening the growth of banking sector – Bank of Ghana

The Bank of Ghana Headquaters The coronavirus pandemic has introduced several risks to the banking sector threatening the growth of the industry, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said. He said cyber, credit, and operational risks were new threats to the banking sector, which banks must efficiently manage to avoid any unintended consequences on the industry. Dr Addison disclosed this during a webinar by the Ghana Association of Bankers (GAB), in Accra last Thursday on the theme “Managing Banking Risks in Uncertain Times – COVID-19 Test Case.” The programme was to create opportunity for stakeholders to deliberate on the risks emerging in the financial sector as a result of the COVID-19 pandemic and explore policy options and measures to manage them.

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