President John Maham has nominated the Head of Financial Markets at the Bank of Ghana (BoG) Dr Zakari Mumuni as First Governor of the Bank of Ghana.

JoyBusiness understands that the decision was taken last Friday, February 21.

Dr Mumuni is a distinguished central banker and researcher known for his contributions to monetary policy and the financial markets.

He is currently the Director of the Financial Markets Department at the Bank of Ghana and a Member of the Bank of Ghana Monetary Policy Committee.

He has over 22 years of experience in Central Banking, Public Sector Management, Central Banking Institutional Capacity Development, and Macroeconomic Policy Analysis and Management.

Before his role as Director of Financial Markets, he was the head of Modelling and Forecasting in the Research Department of the Bank of Ghana with oversight responsibilities for producing macroeconomic forecasts based on the Bank’s main Macroeconomic Model – the Quarterly Projection Model (QPM), Financial Programming and Policy Framework, External Debt Monitoring and Debt Sustainability Framework, and Applied and Empirical Research.

Prior to taking up the role of head of Modelling, Dr Mumuni served as Special Assistant to the Governor. In this capacity, he provided managerial leadership leading to a smooth and successful collaboration and interface with the International Monetary Fund, the World Bank, other multilateral and bilateral partners, and the Ministry of Finance, on key Macroeconomic and Monetary policy issues, as part of the official support team of the Bank of Ghana.  

Before joining the Bank of Ghana in 2002, Zakari served as a Foreign Service Officer in the Economic, Trade & Investment Bureau, at Ghana’s Ministry of Foreign Affairs, where he acquired managerial skills and competencies in how to manage and lead bilateral and multilateral negotiations with Ghana’s development partners.  

In 2010/2011, Dr Mumuni was an adjunct professor at the Ashesi University and has also served as a Graduate /Teaching Assistant at the Department of Economics, University of Ghana, Legon Accra from March 2000 to February 2002, where he acquired practical communication management, teamwork, interpersonal and decision-making, and conflict management skills.