BoG Board appoints Turkson as MPC member

The Board of Directors of the Bank of Ghana (BoG) has announced the appointment of Professor Festus Ebo Turkson as an external member of the central bank’s Monetary Policy Committee (MPC) pursuant to section 27(3)(E) of the Bank of Ghana 2002 (Act 612), as amended by the Bank of Ghana (Amendment) Act, 2016 (Act 918).

Professor Turkson is a Development Economist with a specialisation in macroeconomics and finance, monetary and financial economics, small and medium enterprises development, industrial policy, applied micro econometrics and international trade policy and finance.

He is an Associate Professor of Economics at the University of Ghana with economics research, teaching and consultancy career spanning over 20 years.

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He holds a PhD in Economics from the University of Nottingham and is a member of the Leverhulme Centre for Research on Globalisation and Economic Policy of the School of Economics of the Nottingham University.

He is also a member of many years’ standing of the African Economic Research Consortium.

Professor Turkson replaces Dr John K. Kwakye, who retired as an External Member of the MPC having served the statutory term limit.

The Board of Directors of the Bank of Ghana extended their warm appreciation to Dr Kwakye for his contributions to monetary policy deliberations and formulation during his tenure.

The Board of Bank of Ghana in a statement said it is confident that Professor Turkson will be an important addition to the membership of the MPC and will contribute his vast experience to the work of the MPC.

Source: Classfmonline.com