President Mahama Nominates Dr. Zakari Mumuni as First Deputy Governor of Bank of Ghana
President John Mahama has nominated Dr. Zakari Mumuni, Head of Financial Markets at the Bank of Ghana (BoG), as First Deputy Governor of the central bank.
Reports indicate that the decision was made on Friday, February 21, 2025.
Dr. Mumuni, a seasoned central banker and researcher, is recognized for his contributions to monetary policy and financial market development.
A Veteran Central Banker with Over Two Decades of Experience
Dr. Mumuni currently serves as the Director of the Financial Markets Department at the Bank of Ghana and is a Member of the Monetary Policy Committee (MPC). With over 22 years of experience, his expertise spans central banking, public sector management, institutional capacity development, and macroeconomic policy analysis.
Prior to his current role, he was Head of Modelling and Forecasting in the Research Department, where he oversaw macroeconomic forecasting using the Bank’s Quarterly Projection Model (QPM), financial programming, external debt monitoring, and sustainability analysis.
He also served as Special Assistant to the Governor, where he played a critical role in coordinating Ghana’s engagement with the International Monetary Fund (IMF), World Bank, and the Ministry of Finance on key monetary and macroeconomic policies.
Background in Diplomacy and Academia
Before joining the central bank in 2002, Dr. Mumuni worked as a Foreign Service Officer in the Economic, Trade & Investment Bureau of Ghana’s Ministry of Foreign Affairs, where he honed his bilateral and multilateral negotiation skills.
In academia, he was an adjunct professor at Ashesi University (2010/2011) and previously served as a Graduate Teaching Assistant at the University of Ghana from 2000 to 2002.
Implications of the Appointment
Dr. Mumuni’s nomination comes at a critical time for Ghana’s central bank, which is navigating monetary policy challenges, inflationary pressures, and financial sector stability concerns. His expertise in macroeconomic modelling, debt sustainability, and financial market operations is expected to strengthen the Bank of Ghana’s policy framework.
His appointment is subject to approval processes, after which he will formally assume his new role as First Deputy Governor of the Bank of Ghana.
