The Bank of Ghana has announced the appointment of three prominent economists as advisors to the central bank and its Governor, Dr. Johnson Pandit Asiama.
The move, unveiled on May 21, 2025, is aimed at reinforcing the institution’s monetary policy framework and guiding macroeconomic stability through expert counsel.
The newly appointed advisors are Dr. John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs (IEA); Professor John Gatsi, Dean of the University of Cape Coast Business School; and Dr. Francis Kumah, a former IMF Resident Representative with extensive global economic experience.
Speaking at the opening of the Bank’s 124th Monetary Policy Committee (MPC) meeting, Governor Asiama described the appointments as a strategic step toward enhancing policy formulation.
“These are distinguished professionals with deep technical expertise and policy insight. Their advice will bring greater depth to our decision-making at a critical point for Ghana’s economy,” he stated.
The advisors are expected to support the Governor directly, providing high-level insights as Ghana navigates complex economic dynamics, including the sustainability of the cedi’s nearly 19 percent appreciation this year and medium-term inflation risks.
Beyond traditional macroeconomic policy, Professor Gatsi’s expertise is anticipated to play a vital role in advancing Ghana’s adoption of non-interest (Islamic) banking, a frontier area for financial inclusion.
3news