Vice President Swears in New Bank of Ghana Board, Calls for Dynamic Leadership

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By Stanley Kwabla Arku

Vice President of the Republic of Ghana Professor Naana Jane Opoku-Agyemang has urged the newly appointed Board of Directors of the Bank of Ghana to provide dynamic and innovative leadership to help restore public trust and stabilize the economy. She made these remarks during the swearing-in ceremony held at the Bank Square in Accra.

In her address, the Vice President congratulated the board members and commended them for their diverse backgrounds in both the public and private sectors, which she believes will contribute to effective governance and sound financial oversight.

“The Bank requires dynamic and innovative leadership to provide the public services it is known for and ultimately to restore and enhance the trust of the public and stakeholders in the Bank,” she stated.

She emphasized that the success of the government’s economic recovery agenda depends largely on the performance of the Central Bank, urging the new board to align its policies with contemporary global best practices and the government’s social contract with the people of Ghana.

The Vice President also highlighted the government’s commitment to gender diversity, noting that the new board has five women, making up over 40% of its composition. This, she said, reflects global best practices in board diversity and inclusion.

“I have no doubt that in your deliberations, you will keep a tight focus on how policies, however broadly conceived and applied, positively affect all our citizens, especially small-scale traders, women, and the youth,” she noted.

Professor Opoku-Agyemang urged the board to review existing policies to ensure they are in sync with modern economic strategies and the government’s commitment to resetting and rebuilding Ghana’s economy. She assured them of the government’s support in providing the necessary structures and financial sector leadership needed to propel economic growth.

“Your tenure must be impactful and successful as you seek to guide the Bank to achieve its mandate and attain the government’s macroeconomic agenda,” she concluded.

The new board members are expected to steer the Bank of Ghana’s policies and regulatory framework towards enhancing economic stability, financial inclusion, and investor confidence in the country.