The Bank of Ghana is preparing a directive on the use of artificial intelligence in the financial sector, Governor Johnson Pandit Asiama announced at the annual general meeting of the Ghana Banks' Association held in Accra.
The future framework is intended to govern the use of artificial intelligence in credit scoring, fraud detection, customer service, risk management and operational efficiency. The governor also cited risks related to data quality, models, cybersecurity and consumer protection.
The central bank has not published a draft text, an adoption timetable or an effective date. The announcement therefore amounts to a regulatory direction, not a new obligation already in force in the form of a separate directive.
The sector is, however, already subject to the revised 2026 directive on cybersecurity and information security. Its section on artificial intelligence systems requires regulated institutions to put in place a framework covering governance, risk management, model validation, security and third-party vendor oversight.
The directive also requires institutions to include in their quarterly reports an inventory of their AI systems, and to report immediately any incidents likely to cause significant financial loss or affect customers. The announced future directive should therefore be read alongside these existing rules, and could clarify or supplement how they apply.
The Bank of Ghana also plans thematic reviews to verify compliance with its revised cybersecurity directive. It asks boards of directors and management teams to treat digital security and operational resilience as enterprise risks rather than as mere technical issues.