Vice President Jane Naana Opoku-Agyemang swore in the new governing board of the Bank of Ghana on March 13, emphasizing their strong credentials and the need for innovative leadership to restore public trust amidst economic challenges. The board, chaired by Dr. Johnson Asiama, includes significant female representation and is expected to enhance financial stability and support the government’s economic agenda.
Vice President Professor Jane Naana Opoku-Agyemang has officially sworn in the governing board of the Bank of Ghana (BoG) on March 13 at the bank’s headquarters in Accra. The Vice President emphasized the board’s strong credentials and diverse backgrounds, which she believes will equip them to lead effectively during a challenging economic period.
Prof. Opoku-Agyemang highlighted the necessity for innovative leadership within the Bank to restore public trust and effectively deliver services. She stressed that the government’s success hinges significantly on the Central Bank’s performance, relating it to the President’s commitments to public trust and macro-economic stability through proper governance and sound policies.
The Vice President urged the board to leverage their expertise to support the President’s economic agenda. She encouraged them to review existing policies to ensure alignment with contemporary practices and the government’s social contract with the people of Ghana.
The board comprises a diverse group, including five women, promoting gender parity consistent with global standards. The Vice President expressed confidence that the board would fulfill expectations, providing strong governance and leadership necessary for achieving the government’s economic reconstruction goals.
The board is chaired by Dr. Johnson Asiama, with Bolgatanga Central Lawmaker Isaac Adongo among the members. Dr. Asiama emphasized the BoG’s intention to enhance its regulatory role to foster financial growth, addressing legacy issues while maintaining stability in the banking sector.
He outlined plans to tackle high non-performing loans and weak risk management, collaborate with banks on cybersecurity, and update outdated regulations, aiming to ensure a modern and resilient financial system that benefits all Ghanaians, including traders and entrepreneurs.
The swearing-in of the new Bank of Ghana board marks a significant step towards addressing current economic challenges. The Vice President’s confidence in the board’s capabilities, along with a commitment to gender diversity, underscores the importance of effective governance. Dr. Asiama’s focus on enhancing regulation and stability aims to foster a resilient financial sector, making strides towards the government’s economic objectives.
Original Source: 3news.com
