DE 
FR The Bank of Ghana consolidated all data collections across the different supervisory departments into 42 Returns with over 250 forms and over 400 validation rules.
The Bank of Ghana, led by its new Governor Dr Ernest Addison, has dramatically transformed through policy and banking sector reforms, from closing failed banks to winning the Central Bank of the Year in 2020.
Alongside the bank’s management and expert teams, technology was a driver of change.
The Solution
A fully integrated financial surveillance system was key to strengthening the Bank of Ghana’s regulatory framework and increasing efficiencies.
The Regnology SupTech Platform, dubbed ORASS (Online Regulatory and Analytical Surveillance Software) by the bank, enables the regulator to consolidate and improve the efficiency and effectiveness of the data it collects and ensure consistency across departments.
The Central Bank now has a single portal to collect prudential data from banks and deposit-taking institutions. It also centralises the data from all the departments into one solution, which will improve their reporting and analytical capabilities.
The bank also uses the platform to streamline the management, review and approval of licence and authorisation requests from reporting entities.
The platform helped us to manage our prudential data collection and the licensing of financial institutions. Our regulated entities can now upload their data automatically via API, decreasing the amount of human interaction when submitting data
Michael Mensah Director of ICT
Bank of Ghana
Financial institutions can easily integrate their own customised reporting applications with the Central Bank’s Online Regulatory Analytic Surveillance System.
Providing supervisors with insightful surveillance reports immediately based on collected data, along with business intelligence reports from the data warehouse.
Enhanced monitoring and supervision on both a standalone and consolidated basis to quickly identify inherent risks within the financial system and proactively determine supervisory, regulatory and policy decisions/actions.
Significant decreases in the time and cost required to implement new regulatory requirements over time through the use of the Builder self-service tool.
The Risk-Based Supervision module greatly assists the Bank of Ghana in compliance with Basel Capital Accords and other international regulatory requirements.
The Bank of Ghana consolidated all data collections across the different supervisory departments into 42 Returns with over 250 forms and over 400 validation rules.
Bank of Ghana consolidated 3 Supervisory Departments Licensing Requirements into 1 set of common transactions
These combined together form a comprehensive Risk Profile per Institution:
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