A 12-member governing board for the Bank of Ghana (BoG) has been chosen by President John Dramani Mahama after consulting with the Council of State.
Section 8 of the Bank of Ghana (Amendment) Act 2002 (Act 612), as amended by the Bank of Ghana (Amendment) Act 2016 (Act 918), and Article 70(1)(d)(iii) of the Constitution both support the appointment.
The BoG Governor, Dr. Johnson Pandit Kwesi Asiama, is the Chairman of the BoG Governing Board, according to a statement sent to the Ghana News Agency by Mr. Felix Kwakye Ofosu, the Presidential Spokesman and Minister of State in charge of Government Communications.
Additional members of the BoG Governing Board include First Deputy Governor Dr. Zakari Mumuni, Finance Ministry Representative Mr. Thomas Nyarko Ampem, Economist Mr. Augustine Fritz Gockel, Accountant Nana Akua Ayivora, and Attorney Madam Emma Akua Bulley.
The remaining individuals are Mr. Joseph W. Asamoah, FINTECH; Mr. Isaac Adongo, an economist; Dr. Stephen Senyo Sapati, Finance/Audit; Madam Evelyn Naa Checher Akwatia, Finance Market/Treasuryd; and Madam Beatrice Feehi Annangfio, a lawyer.
According to the Bank of Ghana Act, 2002 (Act 612), the Board of Directors is the Bank’s governing body.
The Governor, who also serves as Chairman, two Deputy Governors, and 10 Non-Executive Directors make up the Board.
The Board is in charge of creating the policies required to meet the Bank’s goals, which include preserving price stability overall, guaranteeing the smooth and efficient operation of the banking and credit institutions, and promoting overall economic expansion.
Full Statement Below:
Source: newsthemegh.com