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Implementing the Cyber Security Act in Public Financial Institutions in Ghana: What are the Constraints and Enabling factors?

Authors:
Emmanuel Awuni Kolog
Tijani Mohamed

Keywords: information security; cyber security act; public financial institutions; Ghana.

Abstract:
The Cyber Security Act of Ghana was enacted as a result of the National Cyber Security Policy and Strategy in Ghana. However, two years after its implementation, progress has been slow. This paper aimed to explore the constraints and enabling factors affecting the implementation of the Cyber Security Act in Ghana, based on the International Communication Union's pillars of cybersecurity. A mixed-method approach was used, with data collected from 168 respondents through a questionnaire and interviews. The survey data was analysed using PLS-SEM, while the interview data was analysed using theory-based content analysis. The study found that financial institutions in Ghana have satisfactory policies and regulatory measures on cybersecurity, but lack the technical capacity to implement them effectively. The study also revealed satisfactory organizational and capacity development measures, but more awareness creation and organizational support are needed, including budget allocation and support from top management, to effectively implement cybersecurity policies in Ghana.

Pages: 14 to 20

Copyright: Copyright (c) IARIA, 2023

Publication date: April 24, 2023

Published in: conference

ISSN: 2308-3956

ISBN: 978-1-68558-077-3

Location: Venice, Italy

Dates: from April 24, 2023 to April 28, 2023