Deputy Minister for Finance, Hon. Thomas Ampem Nyarko, has formally inaugurated the new Board of the Ghana Deposit Protection Corporation (GDPC), with a strong charge to safeguard the savings of everyday Ghanaians and reinforce trust in the country’s financial system.
Speaking at the inauguration ceremony, Hon. Ampem Nyarko emphasized the critical mandate of the GDPC in insulating depositors, particularly the most vulnerable, from systemic risks in the banking sector.
“One of the critical roles of the GDPC is to safeguard the deposits of ordinary Ghanaians and strengthen public confidence in the financial system,” he stressed.
The newly constituted board is chaired by the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, and includes a blend of experienced professionals and institutional representatives. Other board members are:
Galahad Alex Andoh, CEO of the Ghana Deposit Protection Corporation
Mr. Prosper Ayinbilla Awuni, representing the Ministry of Finance
Benjamin Amenumey
Paul Kwasi Agyemang
In his remarks, Dr. Asiama expressed appreciation to President John Dramani Mahama and Finance Minister Dr. Cassiel Ato Forson for entrusting the team with the responsibility of steering the Corporation toward greater relevance and efficiency.
“We are grateful for the confidence reposed in us,” the Board Chairman said. “We assure you of our commitment to providing effective leadership and strengthening the deposit protection scheme.”
Dr. Asiama further pledged that the Board would prioritize transparency, sound corporate governance, and forward-thinking strategies to enhance the Corporation’s operations.
He also outlined plans to modernize the Corporation’s tools and systems by embracing emerging technologies and sustainability standards.
“The Board will ensure transparency, good governance, and the use of innovative tools to improve the Corporation’s operations,” he said, adding that they would “explore the use of Artificial Intelligence (AI) and integrate Environmental, Social, and Governance (ESG) principles, among other strategies, to enhance how the Corporation serves the people.”
The inauguration signals a renewed effort by the Ministry of Finance and the Bank of Ghana to deepen financial sector resilience and position the GDPC as a key institution in Ghana’s economic stability framework.
