By Nana Agyei|25 February, 2025
President John Dramani Mahama has officially sworn in Dr. Johnson Pandit Kwasi Asiama as the new Governor of the Bank of Ghana (BoG) and Dr. Zakaria Mumuni as the First Deputy Governor.
The ceremony took place at the Jubilee House on February 25, 2025, after their nomination and approval by the Council of State.
In his remarks, President Mahama emphasized the crucial role the BoG plays in regulating the local currency, shaping monetary policy, and ensuring economic stability.
“Ghana’s financial sector is in crisis, and the task ahead demands experience, foresight, and decisive leadership,” President Mahama said. “With Dr. Asiama heading the Bank of Ghana, I am confident that we will rebuild trust in the institution, restore stability, and put our economy back on the path of sustained growth.”
He expressed confidence in Dr. Asiama’s ability to restore trust in the institution and put the economy back on track.
President Mahama assured that the BoG will remain independent, operating without political interference, and committed to ensuring policies are driven by discipline and the best interests of the Ghanaian people.
“As President, I am committed to ensuring that the Bank of Ghana operates free from political interference, guided solely by its mandate,” he said.
In a humorous note, President Mahama added, “One thing is for sure; I’m not going to ask you [Bank of Ghana] to print more money.”
Dr. Asiama has outlined a six-point strategy to stabilize Ghana’s economy, including monetary policy reforms, exchange rate stabilization, and stronger banking sector regulations.
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