Risk Management

The Risk Management Department provides oversight responsibility across all the Business Units.

Risk Management therefore identifies, assess, and prioritize risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events.

The Bank in December 2009, choose Quadrant Risk Management International Limited, to assist with its Risk Framework, Capital Adequacy Calculation and Regulatory Reporting.  Quadrant is also supporting the Bank’s Basel II adoption initiative. The engagement involves the deployment of Quadrant’s SAB2, Basel II Standardised Approaches software for regulatory capital calculation and reporting, in full compliance with the Bank of Ghana’s adoption of the International Basel II “Pillar 1” quantitative capital allocation standards.

The department has three functional units:

• Market/Financial Risk
• Operational Risk
• Compliance Unit