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Central banks of Mauritius and Ghana sign MoU

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The Bank of Ghana and the Bank of Mauritius are now linked by a Cooperation Memorandum of Understanding (MoU) in a bid to deepen the existing ties of engagement between the two central banks.

The objectives of the MOU are to establish an arrangement for the exchange of information concerning the stability and development of their respective banking systems, and to establish a framework for capacity building in the financial services industry.

The MOU is also expected to strengthen areas of compliance with international standards and regulations related to the financial market and the performance and development of the payments system.

Other areas include, but not limited to: the retail payments system, large-value payments and settlement system, financial inclusion, digital innovation in financial services including digital currencies, FinTech regulations, risk-based supervision/macro-prudential supervision, anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT), cyber security, climate change policies and other areas of central banking that are of mutual interest to the Bank of Ghana (BoG) and the Bank of Mauritius (BoM).

It will also enhance co-operation in the areas of research related to central banking.

The Second Deputy Governor of the Bank of Mauritius, Mrs. Hemlata Sadhna Serwah-Gopak signed for the Bank of Mauritius, while Ms. Sandra Thompson, The Secretary, signed for the Bank of Ghana, in the presence of Governor Harvesh Kumar Seegolam and Governor Dr. Ernest Addison.

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