Vice President Inaugurates New Governing Board of the Bank of Ghana
Vice President Professor Jane Naana Opoku-Agyemang swore in the governing board of the Bank of Ghana, highlighting their diverse backgrounds and the importance of innovative leadership. She called for alignment with government policies to restore public trust. Governor Dr. Johnson Asiama emphasized reforms to address banking sector challenges and improve financial intermediation.
The swearing-in ceremony for the governing board of the Bank of Ghana (BoG) took place on March 13 at the institution’s headquarters in Accra, officiated by Vice President Professor Jane Naana Opoku-Agyemang. She commended the board members for their impressive credentials and emphasized the importance of their diverse backgrounds in ensuring effective leadership during a challenging economic period.
Professor Opoku-Agyemang highlighted the necessity for innovative leadership within the Bank, which is crucial for maintaining public trust and effective financial governance. She reiterated that the success of the current Government significantly hinges on the performance of the Central Bank, stressing that the board’s role is integral to stabilizing the economy in line with the President’s social contract with the people of Ghana.
The Vice President urged the board to align its policies with contemporary standards and the government’s social commitments. She also praised the board’s composition, noting the appointment of five women, which provides over 40% female representation, aligning with global best practices in board diversity.
In his remarks, the Bank of Ghana’s Governor, Dr. Johnson Asiama, underlined the importance of realigning the bank’s regulatory mandate to bolster financial intermediation and support economic growth. He acknowledged the stability of the banking sector while stressing the necessity for targeted reforms to resolve legacy issues and enhance resilience.
Dr. Asiama outlined the board’s commitment to enforcing strict regulations, addressing high non-performing loans, and fortifying cybersecurity measures. He emphasized a collaborative approach to ensure that every Ghanaian, from traders to entrepreneurs, benefits from a robust and equitable financial system.
In conclusion, the swearing-in of the governing board of the Bank of Ghana marks a significant step towards enhancing leadership within the financial sector during a critical economic phase. Professor Opoku-Agyemang’s remarks reflect the high expectations placed upon the board to restore public trust and drive innovation. Dr. Asiama’s commitment to proactive reforms signals a responsive approach to addressing challenges faced by the banking sector, ensuring that all citizens benefit from a stable financial environment.
Original Source: 3news.com
