By Lawrence Odoom.
Vice President of Ghana Professor Jane Naana Opoku-Agyemang has emphasized the need for dynamic and innovative leadership at the Bank of Ghana (BoG), stressing that the institution’s success is crucial to the government’s economic agenda. “The President’s commitment to resetting, rebuilding, and restoring public trust and economic stability depends on you, alongside the Cabinet, the Finance Minister, and all other key stakeholders,” she noted.
While swearing in the new governing board of the central bank, Prof. Opoku-Agyemang commended the members’ impressive credentials and diverse backgrounds, which she believes will bring the required attitude and perspectives to provide dynamic and inspirational leadership.
The Vice President urged the board to examine existing policies, ensuring alignment with contemporary policies and the government’s social contract with the people of Ghana.
The newly constituted board, chaired by Dr. Johnson Asiama, boasts a notable composition, with over 40% female representation, making it diverse, inclusive, and consistent with global best practices.
Governor of the Bank of Ghana, Dr. Asiama, has pledged to realign the bank’s regulatory mandate to promote financial intermediation, support economic growth, and address legacy challenges in the banking sector.
Indeed as part of his vision, Asiama aims to enforce strict prudential regulations, foster an enabling environment for responsible lending and innovation, and update the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930) to enhance the resolution framework and ensure financial stability. Ultimately, with the new board in place, the Bank of Ghana is poised to play a pivotal role in restoring public trust, stabilizing the economy, and driving economic growth
