Vice President Prof. Naana Jane Opoku-Agyemang has sworn in the newly appointed Governing Board of the Bank of Ghana (BoG), charging its members to uphold good corporate governance and work towards restoring public trust and confidence in the central bank.

Speaking at the swearing-in ceremony held at the Bank Square in Accra, the Vice President commended the board members on their appointment and emphasized their crucial role in the country’s economic reset agenda.

“You are assuming office at a time when the nation is seeking to restore macroeconomic stability and rebuild trust in our financial sector.

Your leadership will be instrumental in achieving these goals,” she stated.

Dr. Opoku-Agyemang emphasized that the success of the government’s economic policies depends significantly on the effectiveness of the Central Bank.

She urged the new board to adopt dynamic and innovative governance strategies that will ensure fiscal discipline, transparency, and prudent monetary policies.

“The era of impunity in financial mismanagement must come to an end.

This Board has a critical role to play in ensuring that the Bank of Ghana lives up to its mandate and contributes meaningfully to our national development agenda,” she added.

The Vice President also lauded the government’s commitment to gender inclusion, noting that the new board comprises five highly competent women, achieving over 40% female representation.

She described this as a significant step towards embracing global best practices in governance and inclusion.

“This board's composition is not only diverse but also reflective of our commitment to equal representation.

Women have a critical role to play in shaping our economic future, and this appointment is a testament to the government’s belief in gender balance,” she said.

Prof. Opoku-Agyemang outlined clear expectations for the Board, urging members to:

Implement dynamic and innovative policies to stabilize Ghana’s financial sector. Ensure transparency and accountability in decision-making. Strengthen governance structures within the central bank. Improve public trust in the BoG through effective regulation and accountability.

She assured the new board members of the government’s full support in delivering on their mandate, adding that their recommendations and policies would play a vital role in President John Mahama’s economic reset agenda.

 

In closing, the Vice President wished the board a successful tenure and expressed confidence in their ability to steer the Bank of Ghana towards greater efficiency and integrity.