Inauguration of New Board of Directors at the Bank of Ghana

The Bank of Ghana has inaugurated a new Board of Directors to enhance financial stability and economic resilience, with Governor Dr. Johnson Asiama highlighting the urgent economic challenges facing the nation. The Board, composed of seasoned professionals, is tasked with guiding the Bank’s policies towards restoring public confidence and ensuring fiscal responsibility. Vice President Professor Naana Jane Opoku-Agyemang attended the inauguration, underscoring the importance of the central bank’s role in the economy.

On March 13, 2025, the Bank of Ghana, under the leadership of Governor Dr. Johnson Asiama, inaugurated a new Board of Directors. This marks a significant commitment to enhancing financial stability, implementing effective monetary policies, and fostering economic resilience in Ghana. The inauguration ceremony took place in Accra and was attended by Vice President Professor Naana Jane Opoku-Agyemang, signifying the government’s acknowledgment of the central bank’s vital role.

Governor Asiama highlighted critical economic challenges, including macroeconomic instability, increasing inflation, currency fluctuations, and fiscal constraints. He called for prompt strategic actions to tackle these issues and emphasized the Board’s vital role in guiding the Bank’s policy direction through integrity and accountability. He stated that the Board, consisting of professionals with extensive expertise, is essential for restoring public confidence in the Bank.

Additionally, the Governor asserted that the outcomes of the Board’s decisions would significantly impact businesses, households, and the broader economy. He reaffirmed the Bank’s dedication to excellence, transparency, and independence in its monetary policies. During the ceremony, Vice President Opoku-Agyemang delivered remarks that established the Board’s focus for the upcoming years.

The newly inaugurated Board comprises distinguished members with diverse backgrounds, tasked with navigating Ghana’s economic hurdles effectively. Members include: Dr. Johnson Pandit Kwesi Asiama (Chairman), Dr. Zakari Mumuni (1st Deputy Governor), and experts in economics, finance, law, and risk management. This Board is poised to play a crucial role in achieving economic stability and sustainable growth for the country.

The inauguration of the new Board of Directors at the Bank of Ghana signifies a vital step towards addressing the country’s pressing economic challenges. Governor Dr. Johnson Asiama’s emphasis on strategic policy direction and accountability highlights the Board’s significant role in restoring confidence and ensuring economic stability. With a diverse array of professionals onboard, the board is well-positioned to make impactful decisions that will ultimately support Ghana’s economic resilience and growth.

Original Source: www.ghanaweb.com