President John Dramani Mahama has indicated that the appointment of Dr. Johnson Pandit Kwesi Asiama and Dr. Zakari Mumuni as Governors of the Bank of Ghana (BoG) goes beyond a routine exercise.
The President says the coming in of the new governor and his deputy is a moment to restore the trust in Ghana’s economic spectrum.
During the swearing-in ceremony of the two governors at the Jubilee House Tuesday, February 25, 2025, the President was confident that the new leadership will bring the paradigm shift needed to restore Ghana’s fiscal space to its deserving place.
“This moment marks a critical step in restoring trust in our nation’s economic governance as we formally swear in Dr. Johnson Pandit Kwesi Asiama as Governor and Dr. Zakari Mumuni as First Deputy Governor of the Bank of Ghana,” the President noted.
He also explained that the appointment would help in the fulfillment of the core mandate of central bank as contained in Article 183(1-3) of the 1992 constitution.
“These appointments are not merely routine exercises to satisfy Article 183(4) of the Constitution. They constitute a deliberate commitment to the Bank of Ghana’s core mandate, outlined under Article 183(1-3)—to regulate currency, ensure monetary stability, and promote sustainable economic development in Ghana.
The President continued that, “indeed, in full adherence to section 17(1) of the Bank of Ghana Act, 2002 (Act 612), these appointments uphold the legal stipulation that Governor and Deputy Governors of the Bank of Ghana be individuals of demonstrable financial and banking experience.”
Mahama further underscored how the appointment of the duo affirms his administration’s commitment to adhering to professionalism with proven competence.
“To this effect, the choice of Dr. Asiama and Dr. Mumuni as governor and deputy respectively, is a deliberate affirmation of our unshakable commitment to professionalism, integrity and proven competence as the sole criteria for high office,” he added.
The President further touted the credentials of the new governor, establishing his competence to fulfill the new role he has been given.
“A distinguished economist with a PhD from the University of Southampton, Dr. Asiama’s ascent to this office is a natural progression from his long and dedicated service to the Bank of Ghana. With over two decades at the institution—rising through the ranks from banking supervision and financial markets to leading research and policy implementation—he has played a pivotal role in shaping Ghana’s monetary policy and our efforts for financial stability.
“As Deputy Governor, he was instrumental in controlling inflation, stabilizing the currency, and strengthening regulatory oversight. His deep expertise in banking supervision, risk management, and digital finance positions him as the right leader at this critical time.”
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