Vice President inaugurates governing Board of the Bank of Ghana

Professor Jane Naana Opoku-Agyemang has inaugurated a 12-member governing board of the Bank of Ghana and charged the members to ensure that the President’s economic agenda of resetting the country is achieved

In her inaugural speech on Thursday, 13th March 2025, the Vice President urged all to examine the existing policies of the Bank to ensure that such policies are aligned with leading contemporary policies and more importantly, that it is aligned to the Government’s social contract with the people of Ghana under good corporate governance

She mentions, “is important to mention that our Government has ensured gender parity in the composition of this Board with the appointment of five women. This composition, with over 40% female representation, makes this Board appropriately diverse, inclusive, and consistent with leading global practice and standards on board diversity and inclusion”.

Prof, was however convinced that “you will bring your individual and collective expertise to the governance of the Bank, to ensure that the President’s economic agenda of resetting the country is achieved”.

The governing body of the Bank is the Board of Directors as stipulated in the Bank of Ghana Act, 2002 (Act 612). The Board consists of the Governor, who is also the Chairman, two Deputy Governors and ten Non-Executive Directors.

The Board is appointed by the President of the Republic of Ghana, in consultation with the Council of State. The Governor and the two Deputy Governors are appointed for a term of four years and are eligible for re-appointment. The non-executive directors hold office for a period of three years and are also eligible for re-appointment.

The Board is responsible for formulating policies necessary for the achievement of the Bank’s objectives which are:

To maintain stability in the general level of prices;

To ensure effective and efficient operations of the banking and credit systems and support general economic growth.

The reconstituted board under the current administration is as follows: