President Mahama appoints new Bank of Ghana Board

President John Dramani Mahama has appointed a new governing board for the Bank of Ghana (BoG) in consultation with the Council of State, in accordance with Article 70(1)(d)(iii) of the 1992 Constitution and Section 8 of the Bank of Ghana Act, 2002 (Act 612), as amended by the Bank of Ghana (Amendment) Act, 2016 (Act 918).

The newly constituted board is tasked with steering the central bank’s policies to ensure economic stability and effective financial governance.

Members of the Bank of Ghana Board

The appointed members are as follows:

• Dr. Johnson Pandit Kwesi Asiama – Governor (Chairman)
• Dr. Zakari Mumuni – 1st Deputy Governor
• Thomas Nyarko Ampem – Representative from the Ministry of Finance
• Mr. Augustine Fritz Gockel – Economist
• Nana Akua Ayivora – Accountant/Audit/Risk/Compliance
• Emma Akua Bulley – Lawyer
• Evelyn Naa Checher Kwatia – Finance Markets/Treasury
• Dr. Stephen Senyo Sapati – Finance/Audit
• Beatrice Feehi Annangfio – Lawyer
• Kizzita Mensah – Lawyer
• Joseph W. Asamoah – FinTech
• Isaac Adongo – Economist

Mandate of the Board

The Bank of Ghana Board of Directors is the central governing body of the bank, comprising the Governor (Chairman), two Deputy Governors, and ten Non-Executive Directors.

Their primary responsibilities include:

• Formulating policies to maintain price stability and a sound financial environment.
• Overseeing monetary policies and ensuring a stable macroeconomic framework.
• Regulating the financial sector and ensuring compliance with global banking standards.

The Governor and Deputy Governors serve a four-year term, while Non-Executive Directors hold office for three years, both subject to reappointment.

With this appointment, the new board is expected to drive policies aimed at strengthening Ghana’s financial sector, ensuring stability in the country’s economic and monetary system.