Ghana: CIB Ghana holds induction ceremony for 156 new professional members, graduates 5 students as affiliates

The Chartered Institute of Bankers, Ghana (CIB Ghana) recently celebrated the accreditation of 156 professionals as Chartered Bankers and the graduation of five students as professional bankers, reinforcing the skilled workforce in the dynamic Ghanaian banking sector.

This accomplishment aligns with CIB Ghana’s primary objective of fostering the long-term viability of the banking industry by actively promoting the cultivation of high-quality human capital.

The event, held under the theme ‘Redefining Professionalism in Banking Through Ethics’, also marked a significant milestone for CIB Ghana as it coincided with the Institute’s 60th anniversary celebration. The ceremony brought together banking professionals, industry experts, and distinguished guests who gathered to witness the induction of these 156 new members and the graduation of five (5) individuals.

Delivering the keynote address, Managing Director of Consolidated Bank Ghana (CBG) Limited, Daniel Wilson Addo FCIB (Hon) shed light on the importance of ethics in the banking sector, particularly in light of the increasing cases of fraud and unethical behaviour.

He underscored the importance of revisiting the fundamental principles of banking and emphasized key insights from what he termed ‘The Bankers’ Creed’ as enduring guidance for professionals in the banking industry.

“In 1863, Hugh McCuloch, then Controller of Currency and subsequently, Secretary of the Treasury, addressed a letter to all banks in the United States. That letter is as relevant today, as it was centuries ago when it was first written. Indeed, given the current environment, the banking crisis that we have experienced globally and locally, and the ethical violations that plague our industry, I will go as far as to say that it is even more relevant today,” he said.

To Mr. Addo, the bankers of today should return to the old day “when the banker was a pillar of society, when the banker was known to be a prudent person, when the banker lived by the established norms of the profession, when the banker was a fellow you could trust, and when banking was a noble profession,” he added.

Mr. Benjamin Amenumey, President of CIB Ghana, emphasized the profound connection between the banking profession and the lives, dreams, and aspirations of individuals and communities. “Remember, the banking profession is not just a career; it is a calling, an opportunity to make a positive impact on the world. Use your knowledge and skills to empower individuals, support businesses, and contribute to the financial well-being of our nation.”

On his part, Mr. Robert Dzato, CEO of the Institute, extended heartfelt congratulations to the inductees and graduands, recognizing their noteworthy accomplishment of becoming Chartered Bankers.