Dr. Opoku-Afari proceeds on leave ahead of term end
First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari is proceeding on leave effective February 5, 2025, ahead of the expiration of his tenure in August 2025.
The decision, which has been approved by President John Mahama, marks an early departure for Dr. Opoku-Afari, who has served in the role since August 7, 2017. He was reappointed for a second term on August 7, 2021, in line with the Bank of Ghana Act, 2002 (Act 612), as amended. His tenure was set to officially conclude on August 6, 2025, after the maximum two-term limit allowed under the law.
The central bank, in a statement, expressed appreciation for Dr. Opoku-Afari’s service to the institution and the nation, wishing him success in his future endeavors.
Dr. Opoku-Afari played a key role in Ghana’s monetary policy implementation and financial sector reforms during his tenure, working closely with successive Governors to stabilize the economy. His exit comes at a time when the central bank continues to navigate economic recovery efforts and financial sector challenges.
It remains unclear who will step in as his replacement. However, the departure raises speculation on potential changes in the leadership structure of the BoG ahead of his official term end.
