A banking risk management firm, Aptivaa Consulting, has undertaken employees of the Bank of Ghana (BoG) through a four-day workshop to train the staff on relevant

Management of the Central Bank explained that the training was necessitated due to the ravaging effects of the Covid-19 pandemic on the banking industry.

Thus, after a series of engagements, BoG’s Supervision Department and Aptivaa Consulting explored the most relevant training topics needed to augment the skill set of the team to enhance their effort to safeguard the financial stability of the banking sector.

The training was subsequently scheduled from May 25 to, May 28, 2021.

The broad topics covered during the course were specially designed to provide synergy and alignment to current regulations and upcoming regulations.

The topics covered during the sessions included IFRS 9; Importance of ECL modelling and regular model validation, ICAAP and aligning ECL to ICAAP and Risk-Based Supervision, Integrated stress testing, Risk Data Aggregation and Reporting framework and Liquidity Risk Management and Interest Rate Risk in the banking book (Supervisory Review and Evaluation Process).

Speaking in an interview, the Co-Founder of Aptivaa Consulting, Sandip Mukherjee said his firm looks forward to supporting many more initiatives and programmes of the Bank of Ghana in future.

“We pride ourselves in providing thought leadership and knowledge on the Risk Management subject matter. This workshop demonstrates the Bank of Ghana’s commitment to enhance their employees’ knowledge base in the ever-changing Risk guidelines and to keep up with the pace of Global best practices.

“We are keen to providing continuous support to the Bank of Ghana in their endeavour to streamline and strengthen their Risk Management and Banking supervision in the country,” he said.

Aptivaa Consulting Solutions is a banking risk management and consulting firm based out of India with offices in the UAE and UK. Aptivaa is an established services provider, offering comprehensive analytical solutions, for clients in banking, insurance, and other financial services.