The IADI–Africa Regional Committee (ARC) Workshop took place from July 16 to 19, 2024, at the Labadi Beach Hotel in Accra, hosted by the Ghana Deposit Protection Corporation (GDPC).

The event centred on the theme "The Increasing Role of Deposit Insurers in Bank Resolution."

Bringing together financial regulators and deposit insurance experts from across Africa, the workshop featured expert panels and interactive sessions focused on the complexities of effective bank resolutions.

Networking opportunities facilitated collaboration among industry leaders, policymakers, and professionals.

Mrs. Pearl Esua-Mensah, CEO of GDPC, opened the workshop by highlighting the crucial role of deposit insurance systems in today's global financial landscape.

“In light of recent global financial challenges and bank failures, deposit insurance systems are indispensable for maintaining financial stability.

"This workshop serves as a vital platform for exchanging insights, experiences, and best practices crucial to effective bank resolutions,” she stated.

Mrs. Esua-Mensah stated the workshop's educational aspect, aimed at deepening participants' understanding of safeguarding depositor funds and ensuring the integrity of financial institutions.

Dr Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, addressed the gathering, highlighting proactive measures by the Bank of Ghana to enhance regulatory frameworks for robust financial oversight.

He stressed the importance of incorporating deposit protection into tertiary education to strengthen public confidence in the banking sector’s resilience.

Eva Hüpkes, Secretary-General of the International Association of Deposit Insurers, delivered the keynote address, underscoring the critical role of deposit insurers in maintaining global financial stability.

She noted the need for deposit insurers to adhere to rigorous principles in safeguarding deposits and enhancing the resilience of financial systems.

Dr. Alex Ampaabeng, Deputy Minister for Finance, closed the workshop by reaffirming the Government of Ghana's commitment to financial stability.

He highlighted significant strides in strengthening the regulation and supervision of banks and special deposit-taking institutions, noting the pivotal role of the GDPC in safeguarding depositors' funds.

Participants gained valuable insights into practical bank resolution strategies, equipping them with tools and knowledge to protect depositor funds and strengthen financial institutions.

The workshop’s outcomes are expected to contribute significantly to refining bank resolution strategies and fortifying financial stability across Africa, enhancing capabilities to safeguard depositor funds, promote financial system integrity, and bolster public confidence in banking systems.