The Alliance for Financial Inclusion (AFI) has awarded the Bank of Ghana its 2023 Financial Inclusion Institutional Leadership Award.
The award was given at the just-finished AFI 2023 Global Policy Forum (GPF), which was hosted by the Philippine central bank (Bangko Sentral ng Pilipinas) and was held in Manila, Philippines, from September 12–15, 2023. It was given in honor of the bank’s pioneering work to promote financial inclusion and its intellectual contributions to AFI Knowledge Products and Policy Guidelines.
In addition to making a significant contribution to peer reviews of member jurisdictions’ policies and regulatory frameworks, the Central Bank participates in all seven Working Groups (WGs) of AFI, three of which it chairs. This participation also aids in the development of enabling policies and regulations for various pillars of financial inclusion.
AFI network participants have received training from the Central Bank through a number of AFI peer learning exchange programs that it has organized. Second Deputy Governor Elsie Addo Awadzi, who also serves as the chair of AFI’s Gender Inclusive Finance Committee, accepted the award on September 15, 2023, in Manila, Philippines, on behalf of the Central Bank. This event was monitored by 1Family Radio.
With the unifying goal of expanding financial inclusion at the national, regional, and global levels, the Association for Financial Inclusion is a policy leadership association owned and led by member central banks and financial regulatory organizations. Over 80 emerging and developing nations make up its 85 member institutions.
The GPF is an annual signature event of AFI that is designed to share member country implementation experiences with financial inclusion, evaluate the effects of financial inclusion policies, socioeconomic developments, and global financial standards on financial inclusion, and commit to new financial inclusion policies in response to challenges that have been identified.
The 2023 Global Partnership Forum’s theme, “Stability, Sustainability, and Inclusivity for Shared Prosperity,” placed special focus on the significance of financial inclusion and sustainable development for monetary and financial stability. More than 700 people from member institutions, international standard-setting organizations for the financial industry, and other policymakers attended the meeting.
Source: 1Familyradio