The Bank of Ghana’s Board of Directors has indeed been reconstituted with a diverse group of professionals, bringing a wealth of experience and expertise to regulate the financial sector and shape monetary policy ¹. This development is expected to significantly contribute to the effective functioning of the Bank.

The Board, as stipulated in the Bank of Ghana Act, 2002 (Act 612), consists of the Governor, who is also the Chairman, two Deputy Governors, and ten Non-Executive Directors. These members are appointed by the President of the Republic of Ghana, in consultation with the Council of State.

The Board’s primary responsibilities include formulating policies necessary for achieving the Bank’s objectives, such as maintaining stability in the general level of prices and ensuring effective and efficient operations of the banking and credit systems.