Vice President Prof. Jane Naana Opoku-Agyemang swore in the new governing board of the Bank of Ghana, emphasizing their strong credentials and the need for dynamic leadership during economic challenges. She called for alignment with contemporary policies and highlighted gender diversity in the board’s composition. Dr. Johnson Asiama will lead the board in addressing issues such as non-performing loans while working towards a resilient financial system for all Ghanaians.
On March 13, the Vice President of Ghana, Professor Jane Naana Opoku-Agyemang, officially swore in the new governing board of the Bank of Ghana (BoG) during a ceremony at the central bank’s headquarters in Accra. She emphasized the impressive credentials and diverse experiences of the board members, which they will leverage to address the current economic challenges facing the institution.
The Vice President highlighted the necessity for dynamic leadership at the Bank of Ghana to enhance public trust and stakeholder confidence. She stated that the performance of the Central Bank is critical to the success of the Government’s initiatives, which aim to reinforce public trust and stabilize Ghana’s economy through effective financial governance.
Professor Opoku-Agyemang urged the board to align the Bank’s existing policies with contemporary standards and the government’s commitments to the public. She proudly noted the board’s composition, which includes five women, representing over 40% female representation, thus showcasing a commitment to diversity in governance.
Dr. Johnson Asiama chairs the newly constituted board, which also includes notable members such as Bolgatanga Central Lawmaker Isaac Adongo. Following his swearing-in, Dr. Asiama expressed the BoG’s intention to enhance financial intermediation for economic growth, whilst addressing existing challenges within the banking sector.
He outlined several priorities, including tackling non-performing loans and improving capital adequacy regulations. The board aims to collaborate with financial industry stakeholders to create a robust financial system that supports all Ghanaians, from local traders to entrepreneurs, ensuring a financial landscape that is viable and equitable.
The inauguration of the new governing board of the Bank of Ghana marks a significant step towards addressing pressing economic challenges in Ghana. With a focus on diversity, effective governance, and stringent regulatory practices, the board is tasked with realigning the Bank’s policies to support national economic stability. The collaborative efforts of the board and the Government will be instrumental in achieving the desired economic reset for the nation.
Original Source: 3news.com
