President John Agyekum Kufuor on Wednesday asked the Bank of Ghana to step up its operations to stabilise the Cedi, bring down inflation and interest rates to facilitate investments by the private sector.
The government has the confidence in the personnel at the bank, who have the requisite experience to offer advice and the needed solutions to the economic problems of the country.
President Kufuor was swearing-in Dr Paul Amoako Acquah, the new Governor of the Bank of Ghana (BOG) as a member of the Board of Directors of BOG at the State House in Accra. Dr Acquah swore the official oath and the oath of secrecy.
President Kufuor said: " With your 25 years experience at the IMF, you are well equipped to give the best advice."
Dr Acquah said the government's determination to ensure fiscal discipline, efficient use of public funds and zero tolerance for corruption would guide the Bank to work efficiently and effectively.
He pledged to serve the country with the experiences acquired to ensure economic growth. Dr Acquah, Deputy Director, Africa Department of the International
Monetary Fund, was appointed the Governor of the Bank of Ghana to succeed Dr
Kwabena Dufour, whose tenure of office ends on September 30.
He holds a Bachelor of Science Degree from the University of Ghana, Legon, Masters Degree in Economics from Yale University and a Doctorate Degree in Economics from the University of Pennsylvania School of Economics.
The Vice-President Aliu Mahama, Minister of Finance, Yaw Osafo Maafo, and Miss Elizabeth Ohene, Minister of Media Relations were present.
