Techiman: Bank of Ghana engages stakeholders to deepen public trust

As part of its strategic commitment to inclusive central banking and nationwide financial literacy, the Bank of Ghana (BoG) has held a high-level Regional Stakeholder Engagement Forum in Techiman. The meeting took place on Monday, 12 October 2026, on the theme: Strengthening Stakeholder Relations Through Dialogue and Engagement.

The forum forms part of the Bank’s 16-regional outreach programme aimed at demystifying the mandate of the central bank, deepening public confidence in the financial system, and creating direct feedback channels between the regulator and the public.

The engagement brought together a broad spectrum of stakeholders in the Bono East Region, including traditional leaders, religious leaders, market queens and trader associations, SMEs, representatives of rural and community banks, microfinance institutions, security agencies, and media practitioners. A total of 150 participants attended the programme.

The delegation for the forum was led by Mr Bernard Otabil, Director of Communications, together with Mr Victor Akakpo, Head of Regional Branch Coordinating Office, and Mr Abdulai Lawal Abubakar, Regional Director, Sunyani, who has oversight responsibility for the Bono East Region.

Technical presentations were delivered by seasoned experts from key departments of the Bank:

Banking Supervision Department (BSD),

Other Financial Institutions Supervision Department (OFISD),

Financial Stability Department (FSD),

and Currency Management Department (CMD)

“The Cedi Is Trust” – Director of Communications

In his opening remarks, Mr Bernard Otabil stressed that central banking cannot thrive in isolation, noting that stakeholder trust is the bedrock of monetary policy effectiveness.

“The Cedi is not just paper. It is trust. It is a social contract between the Bank of Ghana and every Ghanaian. We can formulate the best monetary policy, but if the trader in the Techiman market, arguably one of the largest open markets in West Africa, does not understand or trust it, we have failed. That is why we are here, not to lecture, but to listen, to dialogue, and to partner for financial stability,” he stated.

He added that BoG has deliberately shifted to a people-centred model where public voices shape policy response, especially in fighting unlicensed financial schemes, currency abuse, and misinformation.

Participants were taken through five critical thematic areas:

1. The Role and Mandate of the Bank of Ghana: Clarifying BoG’s core functions of price stability, financial stability, and currency management.

2. Microfinance Sector Reforms : Explaining the rationale behind the Microfinance sector reforms and implications for the industry.

3. Responsible Borrowing and Consumer Protection: Educating the public on their rights, loan disclosure requirements, and the need to avoid over-indebtedness.

4. Currency Education – FEEL, LOOK, TILT: A practical demonstration on how to identify genuine Ghana Cedi banknotes, detect counterfeits, and properly handle notes.

5. Dud Cheques – Causes, Implications and Prevention: Highlighting the legal and financial consequences of issuing dud cheques and measures to curb the practice.

Stakeholder Feedback

In an open forum, participants commended the Bank for bringing the engagement to their doorstep. They raised pertinent concerns including access to affordable credit for SMEs and farmers, the persistence of high lending rates despite falling inflation, the activities of unregulated lenders and “black market” forex operators, and the need for sustained education on the security features of the new Heritage Series Banknotes.

Officials of the Bank provided detailed responses and assured participants that their concerns would be escalated to Management for policy consideration.

Mr Otabil reiterated the Bank’s commitment to sustaining open dialogue across all 16 regions as a tool for promoting financial inclusion, financial literacy, and resilience of the financial system. He urged the public to be vigilant and report suspected unlicensed financial institutions, counterfeit currency, and financial fraud cases to the Bank or law enforcement agencies.

The forum ended with a renewed call for partnership between the Bank of Ghana and regional stakeholders to protect the value of the Cedi and safeguard the stability of Ghana’s financial system.