The new Board of the Bank of Ghana was inaugurated, with Vice-President Opoku-Agyemang highlighting the need for policy alignment with contemporary practices, gender diversity, and the board’s critical role in the government’s economic agenda. Governor Dr. Asiama emphasized the need for strategic action amidst significant economic challenges, vowing to reinforce principles of transparency and accountability.
The inauguration of the new Governing Board of the Bank of Ghana took place recently, with Vice-President Professor Jane Naana Opoku-Agyemang emphasizing the importance of aligning the bank’s policies with contemporary standards. She highlighted the necessity for these policies to reflect the government’s social contract with the Ghanaian populace. During the event in Accra, she noted that the board’s gender representation included five women, signifying over 40 percent female inclusion, which aligns with global best practices regarding board diversity.
Professor Opoku-Agyemang expressed confidence that the board, supported by the government and stakeholders, would meet expectations. She urged the Board to establish robust governance structures to enhance leadership in the financial sector, thus contributing to the government’s economic recovery agenda. With members from diverse backgrounds in both public and private sectors, she stressed the board’s potential to deliver dynamic leadership in addressing ongoing economic challenges.
The Vice-President underscored the critical role of the Central Bank in achieving the government’s goals of restoring public trust and macroeconomic stability. She stated that the board shares equal responsibility as the Cabinet in fulfilling the President’s commitment to the Ghanaian people. Meanwhile, Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana, proclaimed that the board’s inception marks a fresh chapter focused on financial stability amidst significant economic difficulties, such as inflation and currency volatility.
Dr. Asiama conveyed that strategic action is essential for overcoming these economic challenges and affirmed the board’s dedication to upholding principles of excellence, transparency, and independence in their monetary policies. The new board is expected to navigate these issues with integrity and accountability, steering the bank towards a stable financial future.
The inauguration of the new Bank of Ghana board marks a pivotal moment, with a clear focus on policy alignment with contemporary standards, gender diversity, and accountability. Vice-President Opoku-Agyemang’s remarks underscore the board’s crucial role in supporting the government’s economic agenda. The diverse expertise of the board members is expected to enhance leadership, while Governor Dr. Asiama emphasizes the commitment to addressing significant economic challenges. Overall, the board is positioned to restore public trust and drive economic resilience in Ghana.
Original Source: www.ghanabusinessnews.com
