The Bank of Ghana has appointed three advisors to its Monetary Policy Committee (MPC) to enhance the country’s monetary policy formulation and macroeconomic stability.
The appointments were announced by Governor Dr. Johnson Pandit Asiama at the opening of the 124th MPC meeting in Accra on May 21, 2025.
The new advisors are Dr. John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs (IEA); Prof. John Gatsi, Dean of the University of Cape Coast Business School; and Dr. Francis Kumah, a seasoned economist and former IMF Resident Representative.
Dr. Asiama described the trio as “distinguished professionals with deep technical expertise and policy insight” who are expected to contribute to more robust, evidence-based decision-making. He said the appointments are part of broader efforts to modernize and diversify the perspectives informing monetary policy.
“Prof. Gatsi’s expertise would also be instrumental in advancing Ghana’s implementation of non-interest (Islamic) banking,” Dr. Asiama added.
The MPC meeting comes at a crucial time, as the central bank evaluates the sustainability of the Ghana cedi’s recent appreciation, monitors renewed market confidence, and weighs the medium-term inflation trajectory amid easing global and domestic pressures.
The Committee’s next policy rate decision is expected to be announced at a press briefing on Friday, May 23.