President John Mahama has named Dr. Zakari Mumuni as the First Deputy Governor of the Bank of Ghana. With more than twenty years of experience in central banking, macroeconomic policy, and financial market development, Dr. Mumuni is anticipated to offer valuable expertise and strategic guidance for Ghana’s monetary policy. His appointment now awaits the Council of State’s confirmation, and if ratified, he will be instrumental in reinforcing the stability of the nation’s financial sector amid prevailing economic difficulties.
Currently, Dr. Mumuni serves as the Director of the Financial Markets Department at the Bank of Ghana and is an active member of its Monetary Policy Committee. Over the course of his career, he has occupied several critical roles, such as heading the Modelling and Forecasting unit in the Research Department and acting as a Special Assistant to the Governor. His proficiency in macroeconomic forecasting, analyzing debt sustainability, and executing monetary policy initiatives underscores his suitability for the role.
Academically, Dr. Mumuni holds a Ph.D. in Economics from the University of Nottingham and an MPhil from the University of Ghana, in addition to having an extensive portfolio of research on inflation targeting and monetary policy.
His nomination comes at a time when the Bank of Ghana has been undergoing significant leadership changes, including the resignation of several key figures such as former governors. Given Ghana’s complex economic environment, Dr. Mumuni’s appointment is expected to usher in stability and a renewed emphasis on monetary reforms, positioning him as a pivotal figure in the country’s financial future.
About The Author
