Vice-President Professor Jane Naana Opoku-Agyemang has urged the Governing Board of the Bank of Ghana to look at the financial institution’s current insurance policies to make sure they’re aligned with main up to date insurance policies.
She stated extra importantly, the insurance policies ought to align to the federal government’s social contract with the folks of Ghana.
The Vice-President made the decision when she swore within the Governing Board of the Bank in Accra.
She stated the federal government had ensured gender parity within the composition of the Board with the appointment of 5 ladies.
This composition, with over 40 per cent feminine illustration, makes this Board appropriately various, inclusive and in keeping with main world apply and requirements on board range and inclusion, she stated.
“I have no doubt that with the right board dynamics and support from the government and all other stakeholders, you will live up to all expectations,” she stated.
Prof Opoku-Agyemang expressed the hope that the Board would offer the mandatory and enabling governance constructions and monetary sector management to propel the financial reset, rebuild and consolidation agenda of the federal government.
She stated the members’ various backgrounds as private and non-private sector operators had geared up them with the required perspective and views to supply the dynamic and inspirational management the Bank required at this essential interval with important challenges within the economic system.
“The Bank presently requires dynamic and innovative leadership to provide the public services it is known for, and ultimately to restore and enhance the trust of the public and stakeholders in the Bank,” she added.
The Vice-President stated the success or in any other case of the federal government largely relied on the efficiency of the Central Bank.
She stated, “The President’s social contract with the people of Ghana to reset, rebuild and restore public trust and macro-economic stability, through responsive financial sector governance and sound economic policies rest on your shoulders as the Board, in equal manner as the Cabinet, the Minister for Finance and all other key stakeholders.”
Dr. Johnson Pandit Asiama, the Governor of the BOG, stated the second marked the start of a brand new chapter for the establishment, as we launched into a renewed dedication to monetary stability, sound financial coverage, and financial resilience.
“We stand at a time of significant economic challenges macroeconomic instability, rising inflationary pressures, currency volatility, and fiscal constraints—all of which demand urgent and strategic action,” he stated.
He stated the Board, composed of esteemed professionals with huge experience, was tasked with guiding the Bank’s coverage course and making certain that we navigated these challenges with boldness, integrity, and accountability.
He stated the inauguration offered them with a possibility to reaffirm their dedication to excellence, transparency, and independence of their financial and monetary insurance policies.
Source: GNA