Bank of Ghana relaunches Cyber and Information Security Directive to strengthen financial ecosystem

By:  Nana Appiah Acquaye

The Bank of Ghana has officially relaunched its Cyber and Information Security Directive, reinforcing efforts to safeguard the country’s rapidly evolving digital financial ecosystem.

The relaunch event, held at Bank Square, brought together key stakeholders from the financial sector to underscore the importance of cybersecurity in maintaining financial stability.

Delivering the welcome address, First Deputy Governor Zakari Mumuni highlighted the Bank’s proactive policy measures aimed at strengthening the resilience of the financial system. He emphasized that cybersecurity has become a critical national and economic security concern, requiring coordinated and sustained action.

Chairing the event, Governor Johnson Pandit Asiama stressed that the directive reflects the central bank’s core regulatory philosophy, particularly in an era defined by rapid technological advancement. He noted that innovations such as mobile money, cloud computing, and artificial intelligence have significantly expanded financial access and inclusion over the past decade.

The updated directive is expected to provide a strengthened framework for managing cyber risks, ensuring that financial institutions adopt robust security measures while continuing to innovate.

The initiative signals the Bank of Ghana’s renewed commitment to balancing innovation with strong regulatory safeguards, aimed at protecting the integrity and stability of the country’s financial system in an increasingly digital landscape.