Financial sector players in the West African Sub-Region have been urged to embrace Financial Soundness Indicators (FSIs) as a way of combating risks of global trade tension which may threaten the soundness of financial institutions.
The FSIs serve as a crucial tool for assessing the health and stability of financial institutions by providing insights that are indispensable for informed decision-making.
As part of efforts to enhance the resilience of financial systems in the West African Sub-Region, the West African Institute for Financial and Economic Management (WAIFEM) held a one-week training programme for financial sector players within the regional bloc, on how to combat risks of global trade tension which may threaten the soundness of financial institutions.
Speaking to Joy Business at the opening of the West African Institute for Financial and Economic Management (WAIFEM) regional course on FSIs, Director-General of WAIFEM, Dr. Baba Musa said the course offers participants with a unique opportunity to delve into the critical aspects of financial stability and resilience.
“The conduct of this course for the WAIFEM member countries signifies a shared commitment to enhancing our understanding of financial stability and fortifying the economic resilience of our region. Thus it offers us a unique opportunity to delve into the critical aspects of financial stability and resilience”.
He added that WAIFEM will be tracking the progress of member countries with respect to Financial Soundness Indicators in ensuring resilience and soundness within the financial landscape.
Delivering a speech on behalf of the Governor of the Bank of Ghana, Acting Head Financial Stability, Dr. Kwasi Osei Yeboah, said he’s optimistic the course will provide the right forum for exchange of ideas towards ensuring safer financial systems.
“I have no doubt that this course will provide the right forum for exchange of ideas towards ensuring safer financial systems. I encourage you to make your participation rewarding by taking every available opportunity to tap the knowledge of the excellent faculty placed at your disposal”.
The FSI serves as a crucial tool for assessing the health and stability of financial institutions by providing insights that are indispensable for informed decision-making.
Latest Stories
-
10 AI tools to enhance your school, personal or work life
18 mins -
WAEC reacts to private schools’ threat to boycott BECE, WASSCE over exorbitant charges
19 mins -
Reception given Bawumia in the Eastern region depicts victory – Jeff Konadu
30 mins -
GPL: ‘Going to Manhyia was good for the team’ – Ogum on Kotoko’s rejuvenated form
44 mins -
Ejisu by-election: NPP MP for Kwadaso, Kingsley Nyarko fingered in alleged electoral malpractice
52 mins -
Court instructs Anas to testify in person unmasked against Nyantakyi or case will be dismissed
56 mins -
Ghana takes on 7 other countries in a battle for best indigenous cuisine in Africa
2 hours -
Seidu Rafiwu finishes four-day walk-a-thon from Techiman to Accra
2 hours -
NPA increases price floor for petrol to GH¢13.63; diesel unchanged at GH¢13.07
2 hours -
How I lost my ring on my wedding day
2 hours -
Ejisu by-election: EC withdraws 2 temporary staff over suspected bribery caught on camera
2 hours -
Put more comedians on your shows – Percy Obrempong
2 hours -
Eastern Region’s reception given to Bawumia depicts victory- Regional Chairman
2 hours -
INC-4 delegates advance revised draft text to combat plastic pollution
2 hours -
GPL: C.K Akonnor rubbishes reported interest in Asante Kotoko coaching job
2 hours