HomeBusinessAPTIVAA Consulting Trains BoG Staff – Citi Business News

APTIVAA Consulting Trains BoG Staff – Citi Business News

Aptivaa Consulting Solutions, a banking risk management and consulting firm has rolled out a training program for all staff of the Bank of Ghana (BoG) in ways to make them fully aware of their responsibilities on IFRS9, ICAAP and liquidity management.

This was to help the staff and management of BoG to navigate, work extremely hard to ensure the growth of the financial sector.


The 4-day workshop played vital roles in helping banks to ensure sanity in the financial sector, tracing its roots to the ongoing global Covid-19 pandemic.

The Bank of Ghana (BoG) is the regulatory body for the banking sector in Ghana and has overall supervisory and regulatory authority in all matters relating to banking and non-banking financial business.

As a central bank, it aims to maintain price-stability and promote effective and efficient operation of the banking sector.

Strengthening sector

The training which was held from 25th May to 28th May 2021 explored the most relevant training topics needed to augment the skillset of Bank of Ghana’s team to enhance their effort to safeguard the banking sector.
Topics were curated in a manner that provided the team at Bank of Ghana with the necessary understanding of Risk Regulations and areas to focus for successful implementation of the regulations.
The broad topics covered during the course were specially designed to provide synergy and alignment to current regulations and upcoming regulations.

Topics covered during the sessions were;
1. IFRS 9, Importance of ECL modeling and regular model validation
2. ICAAP and aligning ECL to ICAAP and Risk Based Supervision
3. Integrated stress testing, Risk Data Aggregation and Reporting framework
4. Liquidity Risk Management and Interest Rate Risk in the banking book (Supervisory Review and Evaluation process)


The workshop achieved its greatest aim with attendees describing the program initiative as an exciting process of putting into practice and getting all the knowledge needed in helping the economy back to its feet.

“We are glad to partner Bank of Ghana on this training workshop. We pride ourselves in providing thought leadership and knowledge on the Risk Management subject matter. This workshop demonstrates Bank of Ghana’s commitment to enhance their employees’ knowledge base in the ever-changing Risk guidelines and to keep up with the pace of Global best practices. We are keen to providing continuous support to Bank of Ghana in their endeavor to streamline and strengthen their Risk Management and Banking supervision in the country” Mr. Sandip Mukherjee (Co-founder and COO) Aptivaa Consulting said after the session in an interaction with the media.

The current suite of offerings to financial institutions includes cutting edge solutions for balance sheet management, impairment losses computation, capital adequacy computation, portfolio analytics as well as model risk management.

About APTIVAA Consulting

Aptivaa consulting solutions Pvt Ltd is a banking risk management and consulting firm based out of India with offices in UAE and UK. Aptivaa is an established services provider, offering comprehensive analytical solutions, for clients in banking, insurance, and other financial services. Globally, Aptivaa have worked with several clients to successfully navigate the ever changing regulatory & business environment.
Aptivaa has consolidated all its IP based offerings and established a separate product division called cognext.
Aptivaa Consulting and its local business partner (First Vision Technologies Ltd) look forward to supporting many more initiatives and programs of Bank of Ghana in future.

APTIVAA Consulting

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