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Central Banks in Africa must focus on small & niche banks – Standard Bank Executive
like Silicon Valley Bank and Signature Bank and the resulting downturn for international banks – put the global spotlight on the e ective governance of nancial institutions and the role that central banks have to play in ensuring the viability and sustainability of banks.
The event hosted central bankers from key economies in Africa, who gathered to address vital policy and operational questions, with the aim to address the practical needs of today’s central bankers. Attendants included Dr Ernest Addison , Governor of the Bank of Ghana.
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He made the remarks at Standard Bank’s African Central Banks Conference (ACBC) in
This was a central topic of discussion at the ACBC. The two-day summit also focused on debates regarding Reserve Management, ntech and Central Bank Digital Currency (CBDC). In addition, the event provided a platform to discuss key themes within the broader monetary policy environment, economic development, nancial markets stability, social justice and environment sustainability and how stakeholders can respond to and provide solutions to the shared challenges.
The events of the past weeks have forced analysts to recall the 2009 crash and its ramications for the global economy. Governors and the major players in African nance who converged at the conference in South Africa were keen to assess these events and their impact on African economies, while proposing measures that can address Africa's unique challenges in light of the global situation.
It is clear that central banks in
Africa face a range of challenges in managing in ation, promoting sustainability goals, and promoting nancial inclusion to name a few, however, solutions such as innovative funding solutions in partnership with private sector capital is an enabler to deliver inclusive growth. “Even though the challenges are complex, I am con dent that, together we can work to overcome them and achieve a sustainable future for the continent", concluded Mr. Sanni.
Standard Bank’s African Central Banks Conference brings together central bank governors and nancial sector regulators from across the continent to discuss critical issues that a ect Africa’s nancial system. The theme of this year’s Conference was ‘African Solution for African Problems‘Africa’s Seat at the Table’.
