President Mahama has appointed Dr. Johnson Asiama as Governor and Dr. Zakaria Mumuni as Deputy Governor of the Bank of Ghana, aiming to restore trust in the financial sector. Both bring over 20 years of experience, emphasizing professionalism and responsible fiscal management as essential to their roles amid economic challenges.
On February 25, 2025, President John Dramani Mahama appointed Dr. Johnson Asiama as the new Governor of the Bank of Ghana and Dr. Zakaria Mumuni as his Deputy. The ceremony took place at the presidency and is seen as a vital move to enhance confidence in Ghana’s financial sector, indicating a commitment to the Bank of Ghana’s objectives which include regulating financial systems and ensuring economic stability.
President Mahama underlined that the appointments were intentional, aimed at reinforcing the Bank’s core mandate. He reiterated that the Bank’s functions involve maintaining monetary stability and promoting sustainable economic development, emphasizing that professionalism and integrity are essential in these roles to foster trust and credibility within the financial environment.
Both newly appointed leaders bring over 20 years of extensive experience within the Bank of Ghana. Dr. Asiama, who holds a PhD from the University of Southampton, has been influential in shaping monetary policy and ensuring financial stability in Ghana. His background in banking supervision places him in a strong position to manage the challenges facing the Bank.
Dr. Mumuni, with a PhD from the University of Nottingham, is expected to assist the Governor in executing effective policies and enhancing regulatory oversight. The President highlighted the necessity for robust leadership that acknowledges past fiscal mismanagement and the importance of prudent fiscal practices free from political interference.
During the ceremony, President Mahama encouraged the new leadership to engage collaboratively with key institutions while preserving the Bank’s independence. This appointment is viewed as a pivotal advancement in Ghana’s quest for economic recovery, with the President expressing faith in their abilities to tackle future challenges and spearhead sustainable economic growth.
The swearing-in of Dr. Asiama and Dr. Mumuni as Governor and Deputy of the Bank of Ghana marks a strategic effort to restore confidence in the country’s financial sector. Their extensive experience and academic qualifications position them well to navigate economic challenges and foster stability. Through professional integrity and prudent management, they are expected to drive Ghana’s financial policies towards sustainable growth and recovery.
Original Source: www.gbcghanaonline.com
