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Monday, May 5, 2025

Mahama responds to critics questioning the ‘competence’ of 2nd Deputy BoG Governor

Matilda Asante-Asiedu is the Second Deputy Governor of the Bank of Ghana Matilda Asante-Asiedu is the Second Deputy Governor of the Bank of Ghana

President John Mahama has responded to questions regarding the appointment of Matilda Asante-Asiedu as the Second Deputy Governor of the Bank of Ghana.

According to him, the competence of the governor is not a matter to be questioned, as she has gathered over a decade of experience in the banking sector.

Matilda Asante-Asiedu, who was a journalist before becoming a banker, was the head of retail at Access Bank before her recent appointment to the central bank.

The president noted that some people reached out to him, questioning how he could appoint a communications person as a governor.

During her swearing in on May 2, 2025, he said; “When the announcement was made, I got a lot of texts, a lot of pushback and one of them particularly said, ‘I’m surprised. You got it wrong. How can you send a corporate communications person, a journalist, a second governor?’ And all I did was, I forwarded Matilda’s CV to him and he texted back and said ‘Oh, I’m sorry.’ All the time you were in Access Bank, they thought you were doing corporate communications.

“They didn’t realise you had moved into full banking. So, congrats again,” he told her.

The president noted that despite beginning his tenure with a heavily distressed economy, the new leadership of the bank has demonstrated that the reset agenda is achievable.

“I’m pleased to note that under the leadership of Governor Dr Johnson Pandit Asiama and the bank’s senior management, the recovery process has begun in earnest. Inflation, while still high, is moderating.

“The Ghana cedi has appreciated by 3.16% on the interbank market and by nearly 5% at the forex bureau market, a remarkable reversal of last year’s volatility. These gains are not accidental. They are the results of careful monetary tightening, improved foreign exchange liquidity and and a better synchronization of fiscal and monetary policy frameworks,” he added.

SSD/AE

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