Governor of the Bank of Ghana, Dr. Johnson Asiama, has appointed a distinguished team of economists and former central bank officials to serve as advisors in the formulation and implementation of critical monetary and financial policies.

Among the newly appointed advisors are esteemed economist Dr. John Gatsi, Dean of the University of Cape Coast Business School, and Dr. John Kwakye, Director of Research at the Institute of Economic Affairs. Both are anticipated to play pivotal roles in guiding the central bank on urgent economic and financial issues.

The advisory team also includes Franklin Belyne, former Head of Banking Supervision at the Bank of Ghana; Francis Kumah, Ghana’s former representative at the International Monetary Fund (IMF); and Gloria Quartey, former Head of Human Resources at the central bank, who continues to serve in her advisory capacity.

These appointments were announced during the opening session of the Monetary Policy Committee (MPC) meeting on Wednesday.

Economist Dr. John Gatsi and Dr. John Kwakye

Governor Asiama highlighted the wealth of expertise each advisor brings to the team. He specifically noted that Professor John Gatsi will contribute to the Bank’s initiatives in non-interest banking, an increasingly important area for promoting financial inclusion and diversifying the sector.

Regarding Dr. Francis Kumah’s role, Dr. Asiama remarked, “He will leverage his experience from the IMF to enhance the Bank of Ghana’s operations,” emphasizing the significance of integrating global insights to fortify the Bank’s policy framework.

The advisors are expected to provide strategic guidance across various facets of central banking, including monetary policy, regulatory oversight, and institutional development, as the Bank navigates the challenges of economic recovery and implements vital financial sector reforms.