Following the recent swearing-in of the Bank of Ghana (BoG) Governor and first Deputy, President Mahama’s appointments to the new governing board of the institution has been announced, in an official release by presidential spokesperson Felix Kwakye Ofosu.
These appointments, made in consultation with the Council of State and in accordance with Article 70(1)(d)(ii) of the Constitution and Section 8 of the Bank of Ghana Act, 2002 (Act 612) as amended by the Bank of Ghana (Amendment) Act, 2016 (Act 918), aim to infuse the central bank with a blend of seasoned expertise and innovative perspectives.
In a strategic move to bolster Ghana’s financial sector, Dr. Johnson Asiamah, previously the Second Deputy Governor of the BoG from 2016 to 2017, has been appointed as the Governor and Chairman of the Board.
Holding a Ph.D. in Economics from the University of Southampton, UK, Dr. Asiamah brings over 23 years of experience in monetary policy formulation, financial stability regulation, and economic research.
His tenure at the central bank has been marked by a steadfast commitment to implementing sound monetary and exchange rate policies, fostering a stable financial system, and promoting accelerated economic growth in Ghana.
Appointed as the First Deputy Governor, Dr. Zakari Mumuni is a distinguished central banker and researcher with over two decades of experience in central banking, macroeconomic policy analysis, and financial market development.
He holds a Ph.D. in Economics from the University of Nottingham and an MPhil from the University of Ghana.
Dr. Mumuni has served as the Director of the Financial Markets Department at the BoG and is a member of its Monetary Policy Committee.
His expertise in macroeconomic forecasting, debt sustainability analysis, and monetary policy implementation is expected to play a pivotal role in stabilizing Ghana’s financial sector amid ongoing economic challenges.
A Competent Team
Representing the Ministry of Finance, Thomas Nyarko Ampem brings a wealth of experience in public financial management. His role is crucial in ensuring seamless coordination between the Ministry and the BoG, facilitating effective fiscal and monetary policy integration.
Mr. Augustine Fritz Gockel, an esteemed economist, joins the board with a rich background in economic research and policy formulation. His insights are anticipated to contribute significantly to the bank’s economic strategies and policy decisions.
With extensive experience in accounting, auditing, risk management, and compliance, Nana Akua Ayivora is poised to enhance the bank’s internal controls and governance frameworks. Her skills will be instrumental in ensuring the BoG’s operations adhere to the highest standards of financial integrity.
Emma Akua Bulley, a seasoned legal practitioner, brings her profound knowledge of financial regulations and corporate law to the board. Her legal acumen will support the bank in navigating complex regulatory landscapes and ensuring compliance with national and international laws.
Specializing in financial markets and treasury operations, Evelyn Naa Checher Kwatia offers valuable expertise in managing the nation’s financial assets and liabilities. Her role is critical in optimizing the BoG’s investment strategies and liquidity management.
Dr. Stephen Senyo Sapati, with a strong background in finance and auditing, is expected to boost the bank’s financial oversight and accountability mechanisms. His experience will aid in enhancing the transparency and efficiency of the BoG’s financial operations.
As a legal expert, Beatrice Feehi Annangfio brings a wealth of experience in financial law and regulatory compliance. Her contributions will be vital in guiding the bank through legal challenges and ensuring robust compliance frameworks.
Kizzita Mensah, another esteemed legal professional on the board, offers her extensive knowledge in corporate law and governance. Her insights will support the BoG in maintaining strong legal foundations and upholding the rule of law in all its operations.
Joseph W. Asamoah, a fintech specialist, brings innovative perspectives to the board, particularly in the realm of digital banking and financial technologies. His expertise is expected to drive the BoG’s initiatives in embracing technological advancements and promoting financial inclusion through digital platforms.
Isaac Adongo, a renowned economist, adds to the board his deep understanding of economic policies and financial management. His experience is anticipated to inform the bank’s strategic decisions, especially in areas concerning economic development and fiscal sustainability.
The newly constituted board of the Bank of Ghana embodies a diverse array of professionals, each bringing specialized skills and experiences to the institution.
Their collective expertise is poised to steer the central bank towards achieving its mandate of ensuring monetary stability, fostering a sound financial system, and supporting the nation’s economic growth.
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