The newly inaugurated Board of Directors, led by the Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has assured the public of their unwavering commitment to restore confidence in the central bank.

Speaking at the inauguration ceremony of the Board in Accra, Dr. Asiama acknowledged the significant responsibility entrusted to the Board, emphasising that their decisions would shape the future of the Bank and directly impact businesses, households, and the overall economy.

He said upholding price stability, strengthening financial resilience and reinforcing good governance would be the board's top priority.

“This inauguration provides us an opportunity to reaffirm our commitment to excellence, transparency, and independence in our monetary and financial policies,” he further assured.

Crucial role

Dr Asiama further observed that the Bank of Ghana’s role was more critical than ever, as the country faced macroeconomic instability, rising inflationary pressures, currency volatility, and fiscal constraints.

He stated that bold, strategic, and accountable leadership would be essential in navigating these challenges.

“This Board, composed of esteemed professionals with vast expertise, is tasked with guiding the Bank’s policy direction and ensuring we move forward with integrity and resilience,” he added.

Charge to Board

The Vice President, Prof. Jane Naana Opoku-Agyemang, who officiated the swearing-in ceremony, warmly congratulated the newly appointed Board members as she emphasised that the Bank required dynamic and innovative leadership to provide efficient public service and rebuild public trust.

“The Bank presently requires leadership that can restore and enhance public and stakeholder confidence while navigating significant economic challenges,” she observed.

Prof. Opoku-Agyemang further underscored that the President’s social contract with the people of Ghana which focuses on resetting, rebuilding, and restoring macroeconomic stability relies heavily on financial sector governance and sound economic policies.

The Board, she said, plays a crucial role alongside the Cabinet, the Minister for Finance, and other key stakeholders in achieving these goals.

Economic reset

The Vice President urged the Board to review and align existing policies with modern financial best practices and the government’s broader economic agenda.

“I am convinced that you will bring your individual and collective expertise to the governance of the Bank to ensure that the President’s economic agenda of resetting the country is successfully achieved,” she said.

She indicated that the newly inaugurated Board is expected to spearhead financial sector reforms, reinforce monetary policy, and drive economic stability, ensuring that the Bank of Ghana remains a pillar of trust, resilience, and sustainable growth.