The Chartered Institute of Credit Management (CICM) has reaffirmed its commitment to improving credit risk management system within Ghana's financial sector.

According to the Vice President and Chairman of the Award Selection and Planning Committee of the Institute, Christian Tachie-Djan, it will explore diverse ways to work closely with financial sector players to expand their operations and promote Standards.

Speaking at a virtual launch of the 2023 Ghana Credit Excellence Awards and the Unveiling of the 2023 Nominees, Mr. Tachie-Djan said the institute is committed to supporting the banks to improve their asset quality.

“For over four years, the CICM has consistently held the annual Ghana Credit Excellence awards with the upcoming one being the 4th in the series. As we celebrate 4 years of CICM awards, we are proud of what the Institute has accomplished within the corporate world and society at large. We are therefore very glad to be here for another launch”.

“There is no doubt that the scheme has tremendously grown into what can aptly be described as the benchmark awards scheme in Ghana by which individuals and financial institutions rate their performances and all award winners are proud to be recognized for the achievements and successes they have chalked.  It is evident to the fact that the public and for that matter, the Corporate world endorses what we are doing”, he explained.

Mr. Tachie-Djan who is also the Chairman of the Planning Commitee expressed satisfaction of the various landmark achievements by CICM, which have contributed immensely towards improvements in organisational performances.

Being heedful of the achievements, he pointed out that the institute has resolved to keep the stakes as high and as relevant as possible so that the standards it assess financial institution and individual performances are not compromised.

“We are committed to keeping the awards process simple, transparent and fair. It is this level of commitment that has guided us, as a responsive institution, to constantly introduce new and progressive ideas, all aimed at adding value to our processes as well as new award categories”.

“This year, we are led by our desire and mission which intends to project credit risk as a tool that is relevant for the development of our nation Ghana.  Hence our theme has zeroed in on “Banking and ESG Revolution-Going Beyond Aspirations”, he continued.

Objective of Ghana Credit Excellence Award

The Ghana Credit Excellence Award seeks to showcase and applaud best performing banks and non-bank financial institutions and individuals in various categories of the Ghanaian banking and non-banking financial sector, in addition to providing banks and non-banks financial institutions with exceptional Marketing and Public Relations opportunities.

This endeavour signifies a symbol of achievement and a veritable endorsement of success. The accolade reassures exiting customers that they are engaging with the best banks and non-bank financial institution and motivates potential customers to try their services.

The Governor of Bank of Ghana, Dr. Ernest Addison is expected to deliver the keynote address on the theme: “Banking and ESG Revolution-Going Beyond Aspirations".

Some of the award categories are Bank of the Year, SME Bank of the Year, Trade Finance Bank of the Year, Mortgage Finance Bank of the Year , Agribusiness  Bank of the Year, Corporate & Project Finance Bank of the Year, Rural Bank of the Year, Non-Bank Financial Institutions Awards, Payroll Financial Service Brand,  Finance Leasing Brand Awards, Micro Loan Product of the Year and Debt Collection Awards.