BoG’s Financial Markets Head Nominated as First Deputy Governor
The Head of Financial Markets at the Bank of Ghana (BoG), Dr. Zakari Mumuni, has been nominated by President John Dramani Mahama as First Deputy Governor, pending approval by the Council of State. His nomination follows the exit of former deputies Dr. Maxwell Opoku-Afari and Elsie Awadzi, creating a leadership gap at the central bank.
Dr. Mumuni, a seasoned central banker and researcher, brings over 22 years of expertise in financial markets, monetary policy, and macroeconomic analysis. As the Director of the Financial Markets Department, he has played a key role in exchange rate management, liquidity control, and monetary policy implementation, critical areas for Ghana’s economic stability.
Before assuming his current role, he served as Head of Modelling and Forecasting at BoG’s Research Department, where he led macroeconomic forecasting, financial programming, and debt sustainability analysis. His work in monetary policy design and forecasting models, including the Quarterly Projection Model (QPM), has shaped BoG’s inflation-targeting framework.
Dr. Mumuni also served as Special Assistant to the Governor, coordinating engagements with the International Monetary Fund (IMF), the World Bank, and Ghana’s Ministry of Finance on key economic policy issues. His experience in high-level negotiations positions him well to enhance BoG’s global financial partnerships.
Beyond central banking, he has experience in public sector management, having previously worked at Ghana’s Ministry of Foreign Affairs as a Foreign Service Officer. His background in bilateral and multilateral negotiations will support his efforts to strengthen financial sector governance.
Dr. Mumuni’s expertise in financial markets, macroeconomic forecasting, and international finance is expected to drive policy innovation at BoG, enhance monetary stability, and support Ghana’s post-IMF economic recovery efforts. His nomination marks a strategic move to reinforce the central bank’s leadership amid evolving economic challenges.
