BoG urges agencies to close remaining gaps in FATF assessment

The Second Deputy Governor of the Bank of Ghana (BoG), Matilda Asante-Asiedu, has urged institutions involved in Ghana’s financial crime controls to remain engaged and help close the remaining gaps in the country’s ongoing Financial Action Task Force (FATF) mutual evaluation.

She said the success of the assessment depends on the collective efforts of all member institutions, including the sharing of data and information needed to support the process.

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Speaking at the 2026 COCLAB Technical Committee workshop in the Eastern Region on Thursday, September 10, Matilda Asante-Asiedu said there were still some outstanding issues that needed to be addressed to ensure a positive outcome for Ghana.

“Success in this assessment would not be, and I’m sure has not been, the responsibility of only one institution. All of you have contributed by providing data and sharing information,” she said.

She urged member institutions to remain fully involved in addressing the outstanding issues and completing all pending actions, stressing that even small gaps could affect the overall outcome of the assessment.

“I encourage the member institutions to remain fully engaged and address the outstanding gaps because there are a few that we need to close in order to successfully scale this process,” she said.

Matilda Asante-Asiedu also called for COCLAB to become a stronger model of cooperation among law enforcement and financial sector institutions, with a greater focus on intelligence-led action, innovation and measurable results.

“I will encourage us to build a COCLAB that stands as a model of multi-agency cooperation; one that drives intelligence-led action, one that embraces innovation because the fraudsters are very innovative, and delivers measurable outcomes,” she said.

She said a successful assessment and stronger financial crime controls would help protect Ghana’s financial system and maintain public confidence in digital payments.

“A resilient financial ecosystem where digital payments that we all depend on remain secure, and where public confidence continues to grow instead of waning,” she said.

Matilda Asante-Asiedu added that the Bank of Ghana would continue to support efforts to make COCLAB more proactive and results-driven in the fight against financial crime.

ANAS/MA

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