Matilda Asante-Asiedu Sworn in as Second Deputy Governor of Bank of Ghana

President John Dramani Mahama has officially sworn in Mrs Matilda Asante-Asiedu as the second Deputy Governor of the Bank of Ghana.

During the ceremony, held at the Jubilee House in Accra on Friday, the President expressed that this appointment reflects a collective effort to restore professionalism and integrity to the central bank.

The President acknowledged Mrs Asante-Asiedu’s extensive experience in banking, stating that she brings a distinguished career from corporate communications to financial inclusion.

According to the President, Mrs. Asante-Asiedu possesses a proven track record in stakeholder management and institutional reform, which he described as valuable for the bank as it seeks to rebuild public trust and engage effectively with the community.

In his address, President Mahama remarked that she joined the central bank at a defining moment for Ghana’s economy.

He made it known to her that she would be part of a team responsible for stabilizing and transforming the financial sector to better serve the Ghanaian people.

This appointment is part of broader efforts to strengthen the leadership team at the Bank of Ghana.

The President commended Governor Dr. Johnson Pandit Asiama and fellow Deputy Governor Dr. Zakari Mumuni for their contributions to the ongoing economic recovery.

He stated that under their leadership, inflation is moderating, and the Ghana cedi has appreciated by 3.16% in the interbank market and nearly 5% in the Forex Bureau market, marking a reversal from last year’s volatility.

The President also mentioned the recent staff-level agreement with the IMF, which reflects growing international confidence in Ghana’s economic governance.

In his remarks to the new Deputy Governor, President Mahama emphasized that her success would rely not just on technical skills but also on clear communication and decisive leadership.

The President also pointed out that monetary policy alone cannot ensure economic recovery.

“It must work in tandem with disciplined fiscal policy and mentioned ongoing efforts to improve domestic revenue mobilization and restore fiscal prudence under Finance Minister, Dr Cassiel Ato Forson,” he stated.

He called on the financial sector, including banks, fintechs, and pension funds, to improve credit access for small and medium enterprises and to commit to ethical lending and consumer protection.

Connecting the central bank’s role to everyday life, the President stated that when inflation decreases, market traders can better plan their operations, benefiting consumers.

After taking the oath of office, Mrs. Asante-Asiedu expressed her gratitude for the appointment and committed to working diligently with the Governor and other members of the Bank’s management to fulfill the institution’s mandate.

Richard Aniagyei, ISD