It has been an unusually eventful year for central banks all over the world in 2020, and given the current circumstances, the coming year is set to be no less busy. With a variety of challenges to overcome, therefore, central banks hope to achieve several important goals before the end of 2021.
Sub-Saharan African central banks are racing to enhance financial regulation, especially surrounding capital conservation and balance-sheet fortification. Ghana and Uganda are the latest to join the race having enforced ever stricter requirements on their banks, falling into step with the rest of the world in the aftermath of the global financial crisis.