Source: Business Desk
In a significant move aimed at restoring trust in Ghana’s economic governance, President John Dramani Mahama has sworn in Dr. Johnson Pandit Kwesi Asiama as the new Governor of the Bank of Ghana, along with Dr. Zakari Mumuni as the First Deputy Governor.
The appointment of Dr. Asiama and Dr. Mumuni is seen as a deliberate effort to bring in experienced and competent leaders to steer the Bank of Ghana towards achieving its core mandate of maintaining price stability, safeguarding the financial sector, and driving sustainable growth.
Dr. Asiama, an economist with a PhD from the University of Southampton, brings over two decades of experience in banking supervision, financial markets, and economic policy.
He has played a key role in shaping Ghana’s monetary policy and efforts for financial stability, and is well-positioned to provide the leadership required to navigate the current economic challenges.
Dr. Mumuni also has over two decades of experience at the Bank of Ghana, with expertise in banking, financial markets, and economic policy.
His academic credentials include a PhD from the University of Nottingham and an MPhil from the University of Ghana.
He is expected to bring his wealth of experience and knowledge to support the Governor in implementing sound policies and reinforcing regulatory oversight.
President Mahama, in his remarks during the swearing-in ceremony, emphasized the importance of the Bank of Ghana’s independence and its mandate to maintain price stability, safeguard the financial sector, and drive sustainable growth.
He encouraged the new Governor and Deputy Governor to work closely with key institutions, including the Ministry of Finance, Parliament, and the financial industry, while maintaining their independence.
The President also cautioned the new leaders of the Bank of Ghana to be mindful of the human impact of their decisions, citing the recent banking sector cleanup exercise which resulted in job losses and disruptions to livelihoods.
He urged them to learn from the past and ensure that policies are not only technically sound but also take into account the human consequences.
The swearing-in of Dr. Asiama and Dr. Mumuni marks a new chapter in the Bank of Ghana’s efforts to restore trust and stability in the economy.
With their combined experience and expertise, they are expected to provide the leadership required to drive Ghana’s economic growth and development.
Source: www.thenewindependentonline.com
