The Managing Director of GCB Bank,
Farihan Alhassan will address the critical role of bank boards in safeguarding financial stability during the upcoming Corporate Governance Series organised by Corporate Secretarial and Training Services (CSTS) in Accra.
The MD is also expected to make a call for stronger governance structures, effective oversight, and a renewed commitment to ethical leadership within Ghana’s banking sector.
An invitation to the event schedule for February 12, 2026 noted that the GCB MD, Farihan Alhassan beleives the sustainability of banks largely depends on the quality of board leadership and decision-making, especially in times of economic uncertainty.
The event, to be held at the Dr Daniel McKorley Moot Court Room of the GIMPA Law School, is organised in partnership with the GIMPA Law School, the Institute of Directors–Ghana, and the State Interests and Governance Authority (SIGA), under the theme “Bank Corporate Governance and Financial Stability: The Role of Bank Boards.”
Drawing lessons from Ghana’s 2017 banking sector crisis, the GCB MD beleives that weaknesses in governance, risk oversight, and board effectiveness were key contributors to the collapse of several financial institutions.
He stressed that boards must go beyond compliance and actively provide strategic direction, ensure robust risk management systems, and hold management accountable.
The letter also highlighted the importance of board composition, noting that diversity of skills, independence, and experience are essential for sound decision-making, accordingly, well-constituted boards are better positioned to anticipate risks, respond to regulatory changes, and protect depositors’ funds.
The Managing Director would also emphasised the need for continuous board education to keep directors abreast of evolving regulatory requirements and emerging risks in the financial sector.
According to him, restoring and sustaining public confidence in the banking system requires transparency, integrity, and consistent adherence to good corporate governance principles.
Participants at the forum would examine key themes including board effectiveness, oversight of risk management, the impact of post-crisis regulatory reforms, and strategies for rebuilding trust in Ghanaian banks through strong governance practices.
The Corporate Governance Series forms part of CSTS’ efforts to promote informed dialogue and practical solutions to governance challenges in Ghana’s corporate and public sectors.