Four distinguished professionals have been appointed as advisors to the Bank of Ghana in a move aimed at strengthening the country’s monetary policy framework.
The new advisors are Dr John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs; Professor John Gatsi, Dean of the University of Cape Coast Business School; Dr Francis Kumah, a former Resident Representative of the International Monetary Fund; and Franklin Belnye, a director at the Bank of Ghana.
The appointments were announced by the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, during the opening session of the 124th Monetary Policy Committee (MPC) meeting held in Accra on May 21.
According to Dr Asiama, the advisors are expected to bring their deep expertise and diverse experience to support the Central Bank’s monetary policy decisions, especially as the institution navigates complex economic challenges.
He highlighted that Professor Gatsi, in particular, would play a key role in advancing innovations in non-interest banking, a growing area of interest within the financial sector.
The ongoing MPC meeting is focusing on several critical issues, including the sustainability of the recent appreciation of the cedi, the durability of renewed market confidence, and the potential impact of these trends on inflation in the medium term.
The appointment of the four advisors is part of broader efforts by the Central Bank to enhance the quality of its policy formulation and promote macroeconomic stability.
