The re-constituted Financial Stability Council which is made up of regulators of the financial sector have held its maiden meeting with the focus on stabilizing the economy and the financial sector.

The council, which is chaired by the Governor of the Governor of the Bank of Ghana Dr. Johnson Asiama looked at initiatives aimed at addressing legacy issues within the financial sector.

According to a statement issued by council, other members included the Director General of the Securities and Exchange Commission, Dr. James Avedzi.

The Commissioner of the National Insurance Commission, Dr. Abiba Zakariah.

The Council reaffirmed its commitment to safeguarding Ghana’s financial system through enhanced collaboration among member institutions. It also emphasised the importance of proactive oversight and coordinated action to ensure a stable, inclusive, and robust financial sector.

The Council Chair emphasised the importance of fostering a sound, stable and innovative financial sector that supports the real sector of the economy in promoting sustainable economic growth.

The reconstituted Council comprises the following members: 

Dr. Johnson Pandit Asiama - Governor of the Bank of Ghana

Mrs. Matilda Asante-Asiedu - Deputy Governor of the Bank of Ghana

Hon. Thomas Nyarko Ampem - Deputy Minister of Finance

Dr. Abiba Zakariah –Acting Commissioner, National Insurance Commission 

Dr. James Klutse Avedzi –Acting Director-General, Securities and Exchange Commission. 

Mr. Christopher Boadi-Mensah - Chief Executive Officer, National Pensions Regulatory Authority; and  

Mr. Galahad Alex Andoh - Acting Chief Executive Officer, Ghana Deposit Protection Corporation.