The First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, has announced plans to enforce stricter regulations and enhance transparency in the country’s monetary policies.
Speaking to Univers News after the launch of the book Monetary Economics in Developing and Emerging Countries on Thursday, March 20, Dr. Mumuni emphasized that these measures are aimed at ensuring greater efficiency in the administration of the Bank of Ghana.
“We are reinforcing our regulatory function with a firm stance on compliance, ensuring that the rules of engagement are applied without fear or favor,” he stated. “In terms of policy, we are committed to transparency. As the governor mentioned during the swearing-in, there are upcoming reforms focused on strengthening the transparency of our policy processes.”
Dr. Mumuni also praised the authors of the newly launched book, describing their work as a timely and essential contribution to economic discourse in Africa and other developing nations.
“This book is a crucial addition to the discourse on monetary economics in developing economies. Many economic publications on the market focus on advanced nations, making assumptions that do not necessarily apply to our context. This intervention addresses that gap.”
Having been sworn into office just a month ago, Dr. Mumuni brings over 20 years of central banking experience, a background that many hope will be instrumental in navigating Ghana’s financial recovery efforts following the banking sector crisis.
–
Story by: Kwadwo Owusu Anane | univers.ug.edu.gh
