On Thursday, March 13, Vice President Professor Jane Naana Opoku-Agyemang officially swore in the new governing board of the Bank of Ghana (BoG) at the central bank’s headquarters in Accra, emphasizing the critical role they will play in guiding the institution during a pivotal time for the country’s economy.
Addressing the newly appointed board members, Prof. Opoku-Agyemang praised their distinguished backgrounds in both the public and private sectors. She stressed that these diverse experiences would provide the leadership needed to tackle the challenges facing the Bank of Ghana and help restore public trust in the institution.
“You are taking on this responsibility with the right mix of credentials and expertise, which will allow you to lead the Bank of Ghana through this crucial period,” she said. “Your leadership will be essential in maintaining the Bank’s public service role and, more importantly, rebuilding confidence among the public and stakeholders.”
The Vice President went on to highlight that the Bank of Ghana’s success is intertwined with the success of the government itself, noting that the country’s broader economic reset, rebuild, and stabilization goals are heavily dependent on the bank’s performance.
“The President’s social contract with the people of Ghana to reset, rebuild, and restore public trust hinges on the Bank’s leadership. This responsibility is shared equally with the Cabinet, the Finance Minister, and all other stakeholders,” she added.
Opoku-Agyemang also expressed confidence in the board’s ability to advance the President’s economic agenda. She encouraged the board members to review the Bank’s existing policies to ensure they align with both contemporary best practices and the government’s vision.
“The inclusion of five women on the board, making up over 40% of the members, ensures gender parity and aligns with global standards for diversity and inclusion,” she remarked, underscoring the government’s commitment to fostering inclusive governance.
Dr. Johnson Asiama, who chairs the newly sworn-in board, echoed the Vice President’s sentiments. In his remarks, Asiama outlined the Bank’s strategy to realign its regulatory mandate, focusing on promoting financial intermediation and fostering an environment conducive to economic growth. He acknowledged the challenges in the banking sector following recent crises but assured that targeted reforms would strengthen its resilience.
“We are committed to enforcing strict prudential regulations while encouraging responsible lending and innovation in the banking sector,” Asiama said.
The newly appointed board was constituted by the President in consultation with the Council of State, as confirmed by a statement from the Minister of State in charge of Government Communications, Felix Kwakye Ofosu, on February 26.
Among the new board members is Isaac Adongo, the Bolgatanga Central lawmaker, adding further political oversight to the team. With this diverse and experienced board in place, the Bank of Ghana is poised to play a key role in driving the country’s economic recovery and ensuring financial stability.
Source:TheDotNews