Bank of Ghana Appoints 4 New Advisors

The Bank of Ghana (BoG) has appointed four advisors to strengthen the country’s monetary policy formulation and macroeconomic stability.

The advisors are Dr. John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs (IEA); Prof. John Gatsi, Dean of the University of Cape Coast Business School; Dr. Francis Kumah, a seasoned economist and former IMF Resident Representative and Franklin Belnye, a former Head of Banking Supervision of the Bank.

Announcing the appointments at the opening of the 124th MPC meeting in Accra on May 21, 2025, Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, described the advisors as “distinguished professionals with deep technical expertise and policy insight” who are expected to contribute to more robust, evidence-based decision-making.

He said that the appointments are part of broader efforts to modernise and diversify the perspectives informing monetary policy.

He added that Prof. Gatsi’s expertise would also be instrumental in advancing Ghana’s implementation of non-interest (Islamic) banking.

The ongoing MPC meeting comes at a crucial time, as the central bank evaluates the sustainability of the Ghana cedi’s recent 19% year-to-date appreciation, monitors renewed market confidence and weighs the medium-term inflation trajectory amid easing global and domestic pressures.

The Committee’s next policy rate decision is expected to be announced at a press briefing on Friday, May 23.

 

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