Vice President Professor Jane Naana Opoku-Agyemang swore in the new governing board of the Bank of Ghana on March 13, emphasizing the need for dynamic leadership to address economic challenges. The board, which features over 40% female representation, focuses on aligning Bank policies with contemporary standards. Chair Dr. Johnson Asiama highlighted the importance of regulatory reform to enhance financial stability.
On March 13, Vice President Professor Jane Naana Opoku-Agyemang ceremoniously swore in the new governing board of the Bank of Ghana (BoG), marking a pivotal moment at the central bank’s headquarters in Accra. She highlighted the board members’ impressive credentials and diverse experiences in both the public and private sectors, which are critical for addressing the challenges currently faced by the economy.
Prof. Opoku-Agyemang underscored the need for dynamic and innovative leadership within the Bank to enhance public trust and ensure effective service delivery. The Vice President emphasized that the performance of the Central Bank significantly influences the government’s success, linking the board’s governance to the overall economic stability and public trust in Ghana.
She urged the board members to align the Bank’s existing policies with contemporary practices, bearing in mind the government’s social contract with the populace. Furthermore, she noted an important milestone of gender equity as the board includes five women, contributing significantly to over 40% female representation, which aligns with global diversity standards.
Dr. Johnson Asiama, the new board chair, conveyed that the Bank would realign its regulatory mandate to enhance financial intermediation and support economic growth. He assured that the banking sector would undergo targeted reforms to strengthen its resilience, focusing on strict regulations and responsible lending practices. Addressing legacy issues such as high non-performing loans and enhancing cybersecurity were emphasized as priorities under his leadership.
The inauguration of the new governing board of the Bank of Ghana is a significant step towards ensuring effective governance and economic stability in Ghana. The emphasis on diversity and the board’s collective expertise suggests a commitment to modernizing the Bank’s policies. With a focus on innovation and resilience in the banking sector, the new board aims to support the government’s economic agenda and restore public trust.
Original Source: 3news.com
