Second Deputy Governor of the Bank of Ghana, Mrs. Elsie Addo Awadzi, has taken an early retirement.
The early retirement from the central bank, according to a statement issued by Minister for Government Communication Felix Kwakye Ofosu, will take effect February 28, 2025.
She has since informed President John Dramani Mahama, who accepted the decision.
The president thanked Mrs. Awadzi for her service to the bank and Ghana and wished her well in her endeavours.
Mrs. Addo Awadzi was first appointed by former President Akufo-Addo as second deputy governor of the Bank of Ghana in February 2018.
She was reappointed Second Deputy Governor of the Bank of Ghana, Mrs. Elsie Addo Awadzi, for a second term effective 14th February 2022.
She has over 25 years of professional experience working in various capacities in Ghana and internationally in law, finance, policy and regulatory reforms, financial sector regulation, sustainable development, and public financial management, among others.
She was tasked with oversight of the Bank of Ghana’s regulation and supervision of banks and other financial institutions, the macro-prudential function, and other key operational functions.
She is a member of the bank’s Board of Directors, a member of the statutory Monetary Policy Committee, and a member of Ghana’s Financial Stability Council, which has representation from financial regulatory authorities in Ghana and the Finance Ministry.
As a staunch advocate for inclusive and sustainable finance, she chairs the Alliance for Financial Inclusion (AFI)’s Gender Inclusive Finance Committee, which provides thought leadership and guidance to the 100-member AFI network on the design and implementation of measures to close the gender gap in access to finance in developing countries.
She is also a member of the Expert Leaders Group on Women’s Financial Inclusion in the Digital Economy established by the Graça Machel Trust.
Before her appointment as deputy governor in 2018, Awadzi was senior counsel of the Financial and Fiscal Law Unit of the International Monetary Fund (IMF)’s Legal Department for six years, where she conducted financial sector stability assessments on G20 countries and provided technical assistance for the design and implementation of banking supervisory, resolution, and crisis management frameworks in a number of IMF member countries, among other things.
In 2012, she worked as a commissioner of Ghana’s Securities & Exchange Commission for six years, worked on key financial sector reforms in Ghana and abroad, and worked in private law practice and banking, among others.
By: Rainbowradioonline.com/Ghana
