Professor Jane Naana Opoku-Agyemang has sworn in the governing board of the Bank of Ghana, emphasizing their qualifications and the necessity of innovative leadership at this critical economic juncture. With a focus on gender parity and alignment with government policies, the board aims to restore public trust and enhance financial stability. Dr. Johnson Asiama, as chair, is committed to implementing reforms that will benefit Ghanaians and support economic growth.
The Vice President of Ghana, Professor Jane Naana Opoku-Agyemang, has officially sworn in the newly appointed governing board of the Bank of Ghana on March 13 at the central bank’s headquarters in Accra. She emphasized the board’s impressive credentials and diverse backgrounds, highlighting their capacity to provide the critical leadership needed during challenging economic times.
Professor Opoku-Agyemang underscored the importance of innovative leadership at the Bank, stating that it is essential for restoring public trust and effectively delivering services. She noted that the Central Bank’s performance is crucial to the success of the current Government, which seeks to establish economic stability and strengthen financial governance through responsible policies.
The Vice President expressed her belief that the board would bring a wealth of expertise that aligns with the President’s economic agenda. She urged the members to review existing policies to ensure alignment with contemporary standards and the Government’s commitment to the Ghanaian people.
She also recognized the significant achievement of gender parity within the board, with over 40% female representation, aligning it with best practices in board diversity. The Vice President is confident that with support from the Government and stakeholders, the board will foster effective governance and leadership within the banking sector.
The board is chaired by Dr. Johnson Asiama, and it includes member Isaac Adongo from Bolgatanga Central. Dr. Asiama has committed to realigning the Bank’s regulatory responsibilities to stimulate financial intermediation and support economic growth, focusing on addressing legacy issues while enhancing stability in the banking sector.
Under Dr. Asiama’s leadership, the Bank plans to implement strict regulations to mitigate challenges such as high non-performing loans, improve cybersecurity, and update relevant legislation to ensure effective management of distressed institutions. He aims to create a financial system that benefits all Ghanaians and fosters long-term resilience in the economy.
In conclusion, the swearing-in of the Bank of Ghana’s governing board marks a pivotal moment for the institution as it embarks on a journey to restore public trust and stability amid economic challenges. With a commitment to diversity, innovative governance, and a focus on regulatory reforms, the board is equipped to drive the Government’s economic agenda successfully. Their leadership will be vital in shaping a resilient financial landscape for Ghana.
Original Source: 3news.com
