On March 13, the Vice President swore in the governing board of the Bank of Ghana, highlighting their qualifications and the importance of innovative leadership during challenging economic times. The Board’s gender-balanced composition represents a commitment to diversity, while key initiatives will focus on improved governance and stability in the banking sector.
On March 13, Vice President Professor Jane Naana Opoku-Agyemang formally swore in the new governing board of the Bank of Ghana at its Accra headquarters. She highlighted the board’s impressive qualifications and diverse professional backgrounds, which she believes will contribute to the effective leadership the Bank requires during this critical economic period.
Prof. Opoku-Agyemang emphasized the necessity for innovative leadership at the Bank of Ghana to restore public trust and ensure the delivery of essential services. She remarked that the broader success of the Government hinges significantly on the Central Bank’s performance and the board’s role in upholding the president’s social contract with the Ghanaian people.
Stressing the importance of governance, she urged the board members to review existing policies to align with modern standards and the Government’s commitments. Additionally, she acknowledged the board’s gender balance, noting the inclusion of five women, which reflects a commitment to diversity and global practices.
The board is chaired by Dr. Johnson Asiama, with notable members including Isaac Adongo, the Bolgatanga Central lawmaker. Among the priorities articulated by Dr. Asiama are regulatory realignment to enhance financial intermediation, tackling high non-performing loans, addressing cybersecurity threats, and updating the legislative framework governing banks to ensure stability and effectiveness in crisis management.
The swearing-in of the Bank of Ghana’s governing board marks a pivotal moment for the institution, with expectations for dynamic leadership to navigate economic challenges. The emphasis on diversity and the alignment of policies with government objectives underscore the Government’s commitment to restoring public trust in the financial system. The board’s approach to enhancing governance and stability will be critical for the nation’s economic recovery and growth.
Original Source: 3news.com
