The Bank of Ghana has appointed three prominent economists as advisors to its Monetary Policy Committee (MPC) to enhance the effectiveness of monetary policy and promote macroeconomic stability.
The new advisors are Dr. John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs; Professor John Gatsi, Dean of the University of Cape Coast Business School; and Dr. Francis Kumah, a former IMF Resident Representative.
According to Bank of Ghana Governor Dr. Johnson Asiama, the appointments aim to bring in fresh perspectives and expertise to support evidence-based decision-making. The Governor described the trio as “distinguished professionals with deep technical expertise and policy insight.”
The appointments are seen as a strategic move to modernize and diversify the perspectives informing monetary policy. Professor Gatsi’s expertise in particular is expected to contribute to the development of non-interest banking in Ghana, promoting financial inclusion.
The Bank of Ghana has been working to sustain the cedi’s appreciation and support economic recovery.
The new advisors are expected to play a key role in shaping monetary policy decisions at a critical juncture for Ghana’s economy.
