Vice President Swears in New Governing Board of the Bank of Ghana

Vice President Professor Jane Naana Opoku-Agyemang has sworn in the governing board of the Bank of Ghana, emphasizing the need for dynamic leadership amid economic challenges. She highlighted the board’s diverse credentials and the importance of restoring public trust. The board, which includes significant female representation, is led by Dr. Johnson Asiama, who aims to realign the bank’s regulatory framework to support economic growth and stability.

On March 13, Vice President Professor Jane Naana Opoku-Agyemang officiated the swearing-in ceremony for the newly appointed governing board of the Bank of Ghana (BoG) at the institution’s headquarters in Accra. She commended the board members for their impressive credentials and extensive experience, emphasizing their readiness to lead the bank during a critical economic period characterized by numerous challenges.

The Vice President underscored the necessity of dynamic and innovative leadership at the Bank to restore public trust and enhance stakeholder relationships. She noted that the efficacy of the Government greatly hinges on the Central Bank’s performance. Opoku-Agyemang stressed that the board’s role is pivotal in fulfilling the President’s social contract aimed at rebuilding public trust and promoting macroeconomic stability.

Prof. Opoku-Agyemang expressed confidence in the board’s capacity to fulfill its duties effectively, urging members to ensure that the BoG’s policies align with contemporary practices and the Government’s social contract with the populace.

Furthermore, the Vice President highlighted the board’s commitment to gender parity, noting the appointment of five women, which achieves over 40% female representation. This alignment with global standards on diversity is seen as a positive step for inclusive governance.

The board, chaired by Dr. Johnson Asiama, includes prominent members such as Bolgatanga Central lawmaker Isaac Adongo. Governor Asiama articulated his intention to realign the bank’s regulatory framework to enhance financial intermediation and support economic growth, while also addressing existing challenges within the banking sector.

In his vision for the BoG, Governor Asiama pledged to implement stringent prudential regulations and foster environments conducive to responsible lending. He cited the need to combat high non-performing loans, enhance cybersecurity resilience, and update relevant legislation to strengthen the bank’s operational framework, ensuring that all Ghanaians benefit from a robust financial system.

The swearing-in of the Bank of Ghana’s governing board represents a significant step towards addressing the economic challenges facing Ghana. The Vice President’s remarks highlighted the importance of strong leadership and effective governance in restoring public trust and promoting macroeconomic stability. With a focus on diversity and adherence to contemporary practices, the board is well-positioned to lead the financial landscape into a successful future.

Original Source: 3news.com