As part of efforts to reinforce Ghana’s monetary policy framework, the Bank of Ghana has appointed three new advisors to its Monetary Policy Committee (MPC).
The appointees 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; and Dr. Francis Kumah, a former Resident Representative of the International Monetary Fund (IMF).
The announcement was made by the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, at the opening of the 124th MPC meeting in Accra on Tuesday, May 21.
Dr. Asiama said the appointments are aimed at bringing diverse expertise and perspectives to support the Committee’s work in guiding the country’s monetary policy decisions. He noted that the advisors’ broad experience in economics, academia, and international finance would be invaluable to the Committee’s objectives.
He highlighted Prof. Gatsi’s expected role in promoting innovation, particularly in the development and implementation of non-interest banking policies.
The MPC meeting, which commenced today, will focus on assessing the sustainability of the recent appreciation of the Ghana cedi, the resilience of renewed market confidence, and the broader implications of these trends on inflation forecasts in the medium term.
