Chartered Institute of Bankers Ghana is by all means a center of excellence especially regarding Banking and Finance Education in Ghana and West Africa. With over 4 decades of experience under its belt, the institution has amassed a wealth of experience and respect in the banking sector as a quality educator and mentor. This can be seen in its membership comprising of corporate executives, students and even professionals. It offers comprehensive courses on banking and finance at affordable prices, which is quite impressive for an institute of its repute. Of course, the prospective students have to meet minimum entry requirements for them to be enrolled into the institute.
Chartered Institute of Bankers Ghana is an institution with the vision of being a leader in Financial Education in Ghana and the larger West African region. This vision is backed by a well laid strategy which focuses on offering training, setting professional standards, research and development as well as advocacy. The measure of accomplishment towards achieving this vision can be quantified through its 26 corporate members, more than 5,000 student members, and 574 professional members.
Most professionals and prospective students of Banking and Finance, weighing options of higher learning, have their eyes on Chartered Institute of Bankers Ghana. They choose the institute as their preferred destination for quality knowledge and source of financial enlightenment for a good reason. The institute is one of the best in Ghana and beyond. This, however, comes with unresolved questions on fees, courses offered, and entry requirements. Many aspiring students would want these questions answered before they apply. Fortunately, this article has exhaustively exposed the details of the concerns in subsequent paragraphs.
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About the university
Registered in 1978, under the Professional Bodies Decree of 1973 (NRCD 143), the Chartered Institute of Bankers Ghana, CIB(Gh) had only 30 professionals and 11 corporate members. This numbers have, however, changed over time to 26 and 574, corporate and professional members respectively. In 1980, CIB made deliberate efforts to assume the responsibility of organizing the Associateship Examinations, by carrying out stage one examinations on its own. This responsibility was to be taken from the Institute of London. The institute is currently undertaking mandatory progressive professional development for its members, and sooner than later, start its first degree program in conjunction with Sheffield Hallam University. All these efforts are tailored towards ensuring progressive growth of the institution at the same time allowing the institution to live up to its vision and objectives. It goes without saying that CIB (Gh) is a member of World Conference of Banking Institute (WCBI).
The governance of the institute is bestowed upon a council comprising of bank representatives in Ghana and some non- bank financial institutions. The council is further stratified into specialized committees namely:
- Executive committee
- Finance committee
- Education and programmes committee
- Publicity and editorial committee. However, a full time Chief Executive Officer oversees the daily activities of the institute.
Chartered Institute of Bankers Ghana syllabus and course content is aligned with the requirements of Alliance of African Institutes of Bankers (AAIOB) for global recognition. This makes it competitive and objective in its deployment of educational content. Under the new curriculum, Professional Chartered Institute of Bankers Ghana courses have been grouped into 4 levels, i.e. levels 1, 2, 3 and 4.
It has five courses, each awarded a code that it can be easily identified with. These are;
- Principles of Banking Law: course code 1.1
- Elements of Banking : course code 1.4
- Economics of Banking: course code 1.3
- Introduction to Accounting: course code 1.2 and
- Principles of Management: course code 1.5 .
It has also been packaged into five units. These are;
- Customer services – Marketing and the competitive environment: course code 2.3
- The Monetary and Financial system: course code 2.4
- Law relating to banking: course code 2.1
- Quantitative methods for decision making: course code 2.5
- Management practices: course code 2.2.
It has six units, some building up on the previous courses learnt. The courses taught at this level include;
- Financial reporting planning and analysis: course code 3.1
- Bank strategic information management: course code 3.2
- International trade finance: course code:3.3
- Credit management, lending: course code 3.4
- Banking operations, regulation, market practice and treasury management: course code 3.5, and
- Practice of banking, law and practice: course code 3.6.
It has been divided into four options, namely;
- Option 1 is the Retail Banking (Commercial)
- Option 2 is the Mortgage Finance
- Option 3 is the Executor & Trustee Business, and
- Option 4 - is the Corporate & International Finance. These options have three courses and they are as follows:
- Retail Banking (Commercial) has strategic marketing management: course code 4.11
- Marketing of financial services: course code 4.12, and
- Micro finance and rural banking 4.13 as the main units being studied.
- Mortgage Finance has been divided into strategic management: course code 4.11
- Mortgage lenders-law and practice: course code 4.22
- Insurance: course code 4.23.
- Executor & Trustee Business is packaged into administration of trust: course code 4.32
- Taxation: course code 4.33, and
- Strategic Marketing Management: course code 4.11. Finally,
- Corporate & International Finance. This option has been simplified into three manageable units namely Corporate Banking - Law And Practice: course code 4.42
- Strategic Marketing Management: course code 4.41
- Multinational Corporate Banking - Finance And Investment: course code 4.43.
Chartered Institute of Bankers Ghana fees are part of the academic plan and every student is expected to pay in order to be admitted into the institution. The institution has financial obligations to meet. It therefore has to outsource most of its money from fees charged students. Below is a detailed fee structure that you can use.
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To be admitted into the Association of Chartered Institutes of Bankers Ghana, you have to ensure that you meet the minimum requirements set by the institution. These requirements include:
- Must have attained six credits in your GCE ‘O’ level, inclusive of Mathematics or Accounting, and English. Have passes in three subjects in your A level and not have a D or below in two of the three subjects.
- Have three credits in three core subjects in SHSCE inclusive of core English and core Mathematics, combined with 3 passes in elective subjects ( with an aggregate not exceeding 24) or 3 passes in RSA (stage 3)
- Degrees, Diplomas, HND, DBS, ACCA, and ICA (Gh), from recognized institutions and other relevant professional qualifications.
- Attain or surpass a Pass Mark of 50% in Matured Student Route-In-Course (MRIC) organized by CIB (Gh).
How to apply
The application process for a new program is quite simple and straight forward. It should be noted that exceptions on subject basis are granted in levels 1 & 2. Exams are written twice per year, in the months of April and October. Despite the fact that there is no predetermined formula for selecting courses for exams, all candidates are supposed to get done with one level before going to the next.
Contact information is very important when you want to reach out to the institution for consultations of any kind. Below is a detailed and up-to-date contact information that you can use to reach the CIB(GH):
East Legon on the Trinity College Road
0302 541 309
0302 541 308
0302 541 614
For information inquiries:
For all other inquiries:
You can also visit their official website on their contact page and fill the contact form that will allow you to send a message directly. All you will be required to provide is your name, email and the message you seek to put across.
In conclusion, Chartered Institute of Bankers Ghana is an institution suited for anyone with a mission to improve his or her skills in the Banking and Finance sector. With their 4 level curriculum, one is able to amass the right knowledge and training to battle the prevailing market hurdles and make the most of the available opportunities. This does not only improve efficiency in the system but also creates a human resource that will always be on top of the game as far as offering lasting solutions to the apparent banking and finance challenges is concerned.
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