Ghana: Vice President Commissions Bank of Ghana’s State-of the Art Cybersecurity Infrastructure for the Financial Industry

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As part of broad, ongoing measures to strengthen the cyber security landscape for the banking and financial services industry in Ghana, the Bank of Ghana has established a Financial Industry Command Security Operations Centre (FICSOC) to prevent, rapidly detect, share information and respond to cyber threats aimed at the industry and ultimately the entire nation.

Work on the cybersecurity infrastructure and edifice – said to be the first such infrastructure funded and owned by a Central Bank in Africa – began in November 2019, in furtherance of the Cyber and Information Security Directive (CISD) issued by the Bank in October 2018, which largely defines the industry’s approach to cybersecurity defense and response. The project was undertaken by Virtual InfoSec Africa (VIA), a wholly-owned Ghanaian information security company in collaboration with the Bank.

Speaking at the commissioning on Wednesday, 24 May 2023 Vice President Mahamudu Bawumia underscored the importance of a robust cybersecurity infrastructure for…