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Chartered Institute of Bankers inducts 179 members as chartered bankers

Emmanuella Otoo Lartey, the Overall Best Inductee, left, receiving her prize from Patricia Sappor, the institute’s president

The Chartered Institute of Bankers (CIB) Ghana has hosted an induction and graduation ceremony for its newest banker members.

This year, a total of 207 members consisting of 179 inductees and 28 student member graduates were added to the institute’s honour-roll at its 12th induction and graduation ceremony held at the Ghana Tertiary Education Commission, Accra.

The professional course for the Chartered Institute of Bankers, Ghana is made up of four levels which include level 1, 2, 3 and 4, with each level having at least five (5) subjects embedded in it.

The Institute conducts examinations twice a year, in April and October, with no order for selection of courses in examination registration. To be inducted as an associate member of chartered bankers, candidates must have completed all course requirements under each level accordingly.

Inductees and graduates

Meanwhile, student members who have successfully completed their programme and are awarded certificates can seek exemption up to level 3 of the Associate Chartered Banker programme, and subsequently qualify to start the Associate Chartered Banker Programme from level 4.

Speaking at the ceremony, President of the Chartered Institute of Bankers-Ghana, Patricia Sappor, noted that the institute’s value proposition is to impart knowledge, develop skills and competencies of members to enhance their career prospects.

“I do reaffirm the institute’s commitment to putting a premium on offering cutting-edge educational financial programmes to ensure we churn out professionals who are digitally savvy and poised to provide unparallel banking services to the Ghanaian economy,” she said.

She applauded management of the institute for their commitment, hard work and swiftness through the introduction of new systems to ensure completion of programmes in the face of COVID-19.

“Though the COVID-19 pandemic disrupted education, it compelled us to look at new ways of doing things and set new policy standard for knowledge transfer and continuous learning; and realising the need for innovation, the chartered institute of bankers met the challenge by setting the pace to introduce a virtual learning model – a platform to augment our in-person teaching and training programmes,” she said.

“Embracing this new normal would not have been possible without the full cooperation and support of all stakeholders, and I take this opportunity to thank our student members both past and present for their shield of confidence to the institutes,” she added.

In a speech read on his behalf, Education Minister Dr. Yaw Osei Adutwum stressed the need to harness information technology in educational schemes, to churn out graduates who can quickly adapt to the working environment.

He said Ghana’s gross tertiary enrollment ratio currently stands at 18.84%, which falls significantly short of the 25% target that was envisaged by the Education Strategic Plan (ESP); and this has had the significant effect of producing a quality workforce across the various sectors of the economy, ultimately impacting Ghana’s GDP growth.

He noted that a high gross tertiary enrolment ratio is the crucial driver for socio-economic transformation in building the country, and thus called on the Chartered Institute of Bankers (CIB) to expand its borders by introducing a wide range of digital skills training and capacity building to enhance students’ ability in today’s digitised world.

“We are all witness to how digitisation is changing the face of banking today, therefore the institute must step up its efforts to offer its members a wide range of digital skills training and capacity building; and to this end, the institute must consider rolling out curricula development and use of other processes in that digitisation,” he stated.

He reiterated the Ministry of Education’s commitment to supporting CIB. “Let me assure you that the Ministry of Education will continue to provide CIB all the needed support for it to deliver its mandate,” he said.

At the end of the ceremony, a number of outstanding students who excelled were given various awards, with the Overall Best Inductee awarded to Emmanuella Otoo Lartey who passed all levels 2 and 3 each in just one diet.

Speaking to the journalist on the sidelines, she encouraged colleagues in the banking field to enrol and join the CIB programme if they need to excel in the field, while urging other colleges who are still pursuing the programme to remain focused and driven. She expressed optimism toward the future and hoped to break any remaining glass-ceilings.

 

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