GHIB Facilitates EWRA Training For African Banks To Enhance Financial Crime Risk Management

The three-day workshop in Ghana seeks to increase banks' understanding of EWRA from a financial crime perspective. It is part of GHIB's comprehensive plan to work closely with banks in the African sub-region to implement robust financial crime risk management systems.

Ophelia Atttobrah, Chief Banking Officer for GHIB, stated to the media at the training's opening ceremony that Enterprise Risk Assessment was a major deficiency for the majority of these institutions, thus the need for the training.

"Consistent with our vision to be the most compelling UK bank focusing on Africa, we deemed it essential to take the initiative to assist some of these banks in enhancing their capabilities in the EWRA region.

Baafuor Ohene Abankwa, Country Representative for Ghana and Head of Client Coverage for Africa, added that this programme will allow banks to implement the appropriate measures to manage risks and protect revenues.

This training will equip them to assess hazards from the perspective of financial crime.

Once this is accomplished effectively, banks will have confidence that revenue will not be lost as a result of the materialisation of certain types of risks.

We hope that the banks will be able to examine everything, thoroughly evaluate the risks they face, and implement appropriate measures to effectively manage them, thereby preventing the risks from materialising and causing financial losses.