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Dr. Asiama: We must restore confidence in the Bank of Ghana

by Ama Nyameye
March 14, 2025
Dr. Asiama: We must restore confidence in the Bank of Ghana
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The Vice President, Prof. Naana Jane Opoku-Agyemang, on Thursday, March 13, 2025, inaugurated the newly constituted Board of Directors of the Bank of Ghana (BoG) in a brief ceremony at the Bank Square in Accra.

The board recently appointed by President John Mahama includes Dr. Johnson Pandit Kwesi Asiama—Governor (Chairman), Dr. Zakari Mumuni—1st Deputy Governor, Thomas Nyarko Ampem—Representative from the Ministry of Finance, Mr. Augustine Fritz Gockel—Economist, Nana Akua Ayivora—Accountant/Audit/Risk/Compliance, Emma Akua Bulley—Lawyer, Evelyn Naa Checher Kwatia—Financial Markets/Treasury, Dr. Stephen Senyo Sapati—Finance/Audit, Beatrice Annangfio—Lawyer, Kizzita Mensah—Lawyer, Joseph W. Asamoah—Fintech, and Isaac Adongo—Economist.

Speaking at the inauguration, the Governor of the Bank of Ghana, Dr. Asiama, emphasized the importance of the board’s mandate, describing the moment as “the beginning of a new chapter for our institution.”

He reiterated the central bank’s commitment to ensuring financial stability, sound monetary policy, and economic resilience in the face of prevailing economic challenges.

“The role of the Bank of Ghana has never been more critical.”

“We stand at a time of significant economic challenges—macroeconomic instability, rising inflationary pressures, currency volatility, and fiscal constraints—all of which demand urgent and strategic action, “Dr. Asiama stated.

The newly inaugurated board comprises esteemed professionals with diverse expertise who, according to Dr. Asiama, have been tasked with guiding the bank’s policy direction with “boldness, integrity, and accountability.”

He highlighted the need to rebuild trust in the central bank while reinforcing sound governance and ensuring price stability.

“Our mission is clear: we must restore confidence in the Bank of Ghana, uphold price stability, strengthen our financial position, and reinforce good governance,” the governor stressed.

Dr. Asiama further underscored the significance of the board’s work, noting that their decisions would have far-reaching consequences on businesses, households, and the overall economy. “The decisions taken here will not only shape the future of the bank but also impact businesses, households, and the overall economy.”

He expressed gratitude to Vice President Opoku-Agyemang for her presence at the event, describing it as a testament to the government’s recognition of the BoG’s pivotal role in national economic management.

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