The reconstituted Financial Stability Advisory Council (FSC) has held its maiden meeting, which also marked the 22nd sitting of the Council, to deliberate on key strategies aimed at enhancing stability in Ghana’s financial sector.
Established by Executive Instrument in accordance with Article 58 of the Constitution, the FSC met on June 9, 2025, with a new composition of senior regulators and financial sector policymakers.
The Council is now chaired by the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama. Other members include Mrs. Matilda Asante-Asiedu, Deputy Governor of the Bank of Ghana in charge of Financial Stability; Hon. Thomas Nyarko Ampem, Deputy Minister of Finance responsible for the Financial Sector; Dr. Abiba Zakariah, Acting Commissioner of the National Insurance Commission; Dr. James Klutse Avedzi, Acting Director-General of the Securities and Exchange Commission; Mr. Christopher Boadi-Mensah, Chief Executive Officer of the National Pensions Regulatory Authority; and Mr. Galahad Alex Andoh, Acting Chief Executive Officer of the Ghana Deposit Protection Corporation.
At the meeting, the Council discussed ongoing progress in rebuilding financial sector buffers, addressing unresolved legacy issues, and strengthening institutional coordination to enhance financial system resilience.
A statement from the Council noted that it “deliberated key issues of relevance to the promotion and sustainability of Ghana’s financial sector stability,” adding that the meeting provided a platform for reviewing “strategic plans to further strengthen the work of the Council.”
The FSC reiterated its commitment to preserving financial stability through enhanced collaboration among member institutions and proactive oversight. “The Council reaffirmed its commitment to safeguarding Ghana’s financial system through enhanced collaboration among member institutions,” the statement said.
Emphasising the link between a stable financial system and national economic development, the Council Chair, Dr. Asiama, underscored the importance of “fostering a sound, stable and innovative financial sector that supports the real sector of the economy in promoting sustainable economic growth.”
