President John Dramani Mahama appointed a new 12-member Board for the Bank of Ghana as of February 26, 2025. This board will consist of experts in economics, finance, law, and compliance, and aims to improve governance and oversight of central banking operations in Ghana.
President John Dramani Mahama has established a new 12-member board for the Bank of Ghana. This decision follows consultations with the Council of State and adheres to the provisions of the Constitution and the Bank of Ghana Act. The announcement was made public on February 26, 2025, signaling a significant leadership change in the country’s central banking structure.
The newly appointed members of the Board are as follows: Dr. Johnson Pandit Kwesi Asiama serves as the Governor and Chairman; Dr. Zakari Mumuni takes the role of 1st Deputy Governor; Thomas Nyarko Ampem represents the Ministry of Finance; and Augustine Fritz Gockel is an appointed economist. Other members include Nana Akua Ayivora (Accountant/Audit/Risk/Compliance), Emma Akua Bulley (Lawyer), and Evelyn Naa Checher Kwatia (Finance Markets/Treasury).
Additionally, Dr. Stephen Senyo Sapati will oversee Finance/Audit; Beatrice Feehi Annangfio and Kizzita Mensah serve as lawyers; Joseph W. Asamoah specializes in Fintech; and Isaac Adongo is also an economist. The diverse backgrounds and expertise of these members aim to enhance effective governance and oversight of the Bank’s operations.
The composition of the new Board reflects a strategic approach to central banking governance, integrating experience from various fields such as finance, law, and risk management. This broader perspective is anticipated to improve decision-making processes and regulatory compliance within the Bank of Ghana, driving the institution towards progressive and sustainable financial management.
The appointments, finalized through constitutional processes, highlight a commitment to maintaining transparency and integrity in the governance of the nation’s central banking system. These developments emphasize the importance of qualified leadership in fostering economic stability and growth in Ghana.
In summary, President Mahama’s appointment of a 12-member Board for the Bank of Ghana aims to bring diverse skills and experiences to foster effective management and governance. This new board is characterized by its profession-specific expertise, which will be pivotal in enhancing the Bank’s oversight functions and promoting sound banking practices. This initiative exemplifies a commitment to improving the regulatory framework and ensuring stability within the financial sector.
Original Source: citinewsroom.com
