Maxwell Opoku-Afari | |
---|---|
1st Deputy Governor of the Bank of Ghana | |
Assumed office August 2017 | |
President | Nana Akuffo-Addo |
Personal details | |
Born | Ghana |
Residence(s) | Accra,Ghana |
Alma mater | Pope John Senior High School and Minor Seminary,University of Ghana,University of Nottingham |
Occupation | Banker |
Profession | Economist |
Maxwell Opoku-Afari is a Ghanaian economist and currently the First Deputy Governor of the Bank of Ghana. [1] [2] [3] He was appointed to this position on August 7,2017. [4] [5]
Prior to assuming the role of Deputy Governor,Opoku-Afari worked at the International Monetary Fund (IMF). Opoku-Afari also worked for 13 years at the Bank of Ghana,rising through the ranks to become the Head of the Special Studies Division in the Research Department between January 2005 and June 2006,and later elevated to the position of the Special Assistant to the Governor of Bank of Ghana from June 2006 until he left the Bank of Ghana in October 2009. [6]
Opoku-Afari attended the Pope John Senior High School and Minor Seminary from 1987 to 1989. After graduating,he went to University of Ghana,Legon for his first degree in economics and statistics and an MPhil in economics. In 2004,he obtained a Ph.D. in economics from the University of Nottingham in the United Kingdom.
Prior to assuming the role of Deputy Governor,Opoku-Afari worked at the International Monetary Fund (IMF) from December 2009,rising through the ranks to the level of Deputy Division Chief and Mission Chief. [7] He was the Deputy Division Chief in the Regional Studies Division in the African Department of the IMF where he led and supervised the production of one of the IMF's flagship publication—the Regional Economic Outlook for sub-Saharan Africa. [8] In addition,he also served as the Mission Chief for Mauritius,where he led policy discussions on a wide range of issues including the financial sector,macro-financial linkages,fiscal and monetary policies,and growth strategies. He previously worked in the Strategy,Policy and Review Department of the IMF. [9] [10]
While at the IMF,Opoku-Afari participated in IMF negotiation missions to several African and Caribbean countries and handled extensive policy discussions on Rwanda,Zambia,Jamaica and Sao Tome and Principe—where he led the program negotiation mission in 2015. He was also a reviewer of country policy documents for a number of developing countries. [11]
Prior to joining the IMF in 2009,Opoku-Afari worked for 13 years at the Bank of Ghana,rising through the ranks to become the Head of the Special Studies Division in the Research Department between January 2005 and June 2006,and later elevated to the position of the Special Assistant to the Governor of Bank of Ghana from June 2006 until he left the Bank of Ghana in October 2009. [6] He was also a member of the Government of Ghana's Capital Markets Committee from 2006 to 2008. [12] [13]
Opoku-Afari's work at the IMF also focused on policy design,in particular,on monetary policy modernization and macro-financial linkages. He has co-authored a number of IMF Policy Papers including one on “Modernizing Monetary Policy Frameworks in Low and Developing Countries”and another on “Monetary Policy Conditionality for Countries with Evolving Monetary Policy Regimes”. [14] [15] [16] [17] These two policy papers are currently being used to drive modernization of monetary policy frameworks in a number of low and developing countries. He has extensive publications on monetary policy,inclusive growth,short-term output indicators in low income countries,aid effectiveness,and on capital flows and real exchange rate dynamics. [16] [17]
As First Deputy Governor of the Bank of Ghana,Opoku-Afari serves as a member on many Government of Ghana agencies and committees that deal with financial policy and management,including:
Opoku-Afari's work at the IMF focused on policy design,in particular,on monetary policy modernization and macro-financial linkages. He has co-authored a number of IMF Policy Papers including one on “Modernizing Monetary Policy Frameworks in Low and Developing Countries”and another on “Monetary Policy Conditionality for Countries with Evolving Monetary Policy Regimes”.
These two policy papers are currently being used to drive modernization of monetary policy frameworks in a number of low and developing countries. He has extensive publications on monetary policy,inclusive growth,short-term output indicators in low income countries,aid effectiveness,and on capital flows and real exchange rate dynamics.
He is the author and co-author of the following works:
The economy of Ghana has a diverse and rich resource base,including the manufacturing and exportation of digital technology goods,automotive and ship construction and exportation,and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. These have given Ghana one of the highest GDP per capita in West Africa. Owing to a GDP rebasement Ghana became the fastest-growing economy in the world in 2011.
The International Monetary Fund (IMF) is a major financial agency of the United Nations,and an international financial institution funded by 190 member countries,with headquarters in Washington,D.C. It is regarded as the global lender of last resort to national governments,and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation,secure financial stability,facilitate international trade,promote high employment and sustainable economic growth,and reduce poverty around the world." Established on December 27,1945 at the Bretton Woods Conference,primarily according to the ideas of Harry Dexter White and John Maynard Keynes,it started with 29 member countries and the goal of reconstructing the international monetary system after World War II. It now plays a central role in the management of balance of payments difficulties and international financial crises. Through a quota system,countries contribute funds to a pool from which countries can borrow if they experience balance of payments problems. As of 2016,the fund had SDR 477 billion.
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The Electoral Commission of Ghana (EC) is the official body in Ghana responsible for all public elections. Made up of seven members,its independence is guaranteed by the 1992 Ghana constitution. The current commission was established by the Electoral Commission Act (Act 451) of 1993. Kwadwo Afari-Gyan was the first substantive chairman of the commission,from 1993 to 2015. He was succeeded by Charlotte Osei as the first female chairman of the commission from 2015 to June 2018. Jean Adukwei Mensah succeeded Charlotte Osei in July 2018. On December 5,2018,the Electoral commission chaired by Jean Adukwei Mensah reverted to the old logo showing the Coat of arms of Ghana and a ballot box showing the hand casting its votes,after the controversy over the new logo.
Mahamudu Bawumia is a Ghanaian economist and former central banker who serves as the 5th Vice President of Ghana in the 4th Ghanaian Republic. He assumed office on 7th January 2017 as Vice President of Ghana.
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Henry Akpenamawu Kofi Wampah is a Ghanaian economist and former Governor of the Bank of Ghana.
Amon Nikoi,born Seth Amon Nikoi,was a Ghanaian economist and diplomat. He was the Permanent Representative of Ghana to the United Nations between 1957 and 1960 as well as the Governor of the Bank of Ghana from 16 March 1973 to June 1977. He had a stint as the Finance minister and a presidential advisor between September 1979 to May 1981 under Hilla Limann during the Third Republic.
Alex E.K. Ashiagbor was an economist and a former governor of the Bank of Ghana. He was governor from 15 July 1977 to 8 March 1983. Ashiagbor started his career at the Bank of Ghana after earning his degree in economics with a concentration in money and banking at the London School of Economics. He moved from the bank to become principal assistant secretary at the Ghana Ministry of Finance. In 1971 he was seconded from the ministry to the International Monetary Fund in Washington,D.C.,as a senior economist,returning to Ghana and the Ministry of Finance as senior principal secretary in 1973. Ashiagbor was appointed Governor of the Bank of Ghana in 1977. Following his time at the bank,he was appointed director of the Commodities Division of the United Nations Conference on Trade and Development (UNCTAD) in Geneva. He held that position until he retired in 1994 and returned to Ghana,where he led the World Bank's Financial Sector Adjustment Program until 2000. Ashiagbor continued to serve his country well into his retirement and in 2006,was awarded the Order of the Star of Ghana in recognition of his contributions to the nation. He died on May 19,2017,at the Korle Bu Teaching Hospital in Accra.
Alhaji Mumuni Bawumia was a Ghanaian politician,lawyer and the paramount chief of Kperiga in the then Northern region of Ghana. He was chairman of the council of state in the 4th republic from 1993 to 2000.
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Mrs. Elsie Addo Awadzi is a Ghanaian international economic and financial lawyer with over 25 years of professional experience working in various capacities in Ghana and internationally. She was appointed by H.E. Nana Addo Dankwa Akuffo Addo The President of the Republic of Ghana as the 2nd deputy governor of the Bank of Ghana in February 2018. She is the second female to hold that position. She was elected as Chairperson of the Alliance for Financial Inclusion's Gender Inclusive Finance Committee in 2020.
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