Mahama appoints Adongo to Bank of Ghana as board member

President John Dramani Mahama has appointed Isaac Adongo, Bolgatanga Central MP, to the Bank of Ghana’s newly constituted board, chaired by Governor Dr. Johnson Asiama. The board was formed in consultation with the Council of State.

Dr. Asiama emphasized strengthening financial intermediation, addressing non-performing loans, tackling cybersecurity breaches, and enhancing capital adequacy requirements. He aims to update banking regulations, boost financial inclusion, and position Ghana as a fintech hub.

A key priority is reversing the BoG’s negative equity, which stood at GH¢65.36 billion in 2023, despite reducing its losses from GH¢60.86 billion (2022) to GH¢10.50 billion (2023). He pledged cost-cutting measures and sound policies to restore financial stability, public trust, and economic confidence.