Vice-President Professor Jane Naana Opoku-Agyemang inaugurated the new Governing Board of the Bank of Ghana, urging alignment of bank policies with current standards and the government’s social contract. She emphasized gender diversity within the Board, highlighting over 40 percent female representation. The Board faces significant economic challenges and is expected to provide dynamic leadership to enhance public trust and financial stability.
The Vice-President of Ghana, Professor Jane Naana Opoku-Agyemang, recently inaugurated the new Governing Board of the Bank of Ghana, urging them to review the bank’s policies for alignment with contemporary standards. Moreover, she emphasized the necessity for these policies to reflect the government’s commitment to its social contract with the citizens of Ghana.
During the ceremony held in Accra, the Vice-President highlighted the Board’s gender balance, noting that over 40 percent of its members are women, ensuring diversity and inclusivity in line with global standards. She expressed confidence in the ability of the new Board to meet expectations through effective collaboration with various stakeholders.
Professor Opoku-Agyemang articulated her hope that the Board would establish enabling governance structures that would facilitate the government’s agenda for economic recovery and consolidation. She recognized the members’ diverse experiences from both public and private sectors, believing they would provide the dynamic leadership necessary during this critical economic period.
She underscored the importance of innovative leadership for restoring public and stakeholder trust in the Bank, stating that the government’s effectiveness hinges on the Central Bank’s performance. Accordingly, she reminded the Board of their significant responsibility in achieving the President’s vision for economic stability and public trust through sound governance.
Dr. Johnson Pandit Asiama, the Governor of the Bank of Ghana, remarked on the inauguration as a pivotal moment for the institution. He acknowledged the current economic challenges, such as inflation and fiscal constraints, and called for urgent strategic action from the Board to navigate these issues with integrity and accountability. He emphasized the Board’s role in reaffirming a commitment to excellence and transparency in monetary policy.
The inauguration of the new Governing Board of the Bank of Ghana signifies an important step towards enhanced governance and financial stability in the nation. With a commitment to inclusiveness and strategic action, the Board is tasked with meeting contemporary challenges while restoring public trust in the Bank. The leadership’s diverse expertise will play a crucial role in navigating the economic landscape to fulfill the government’s social contract with the citizens.
Original Source: www.ghanabusinessnews.com
