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Bank Of Ghana
The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion History The Central Bank of Ghana traces its roots to the Bank of the Gold Coast (BGC) or Ghana Commercial Bank, where it was nurtured. As soon as local politicians and economists saw political independence in sight in the mid-1950s the agitation for a central bank was revived. It was argued that a central bank was one institution which would give true meaning to political independence. It may be recalled that way back in 1947 some leading politicians had called for the establishment of a national bank with central bank functions to act as banker to government and to cater for the indigenous sector of the economy. Proposals of the advocates for a central bank were accepted and in early 1955 another select committee was set up by the government to take a new loo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BANK OF GHANA LOGO
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amon Nikoi
Amon Nikoi, born Seth Amon Nikoi, (19 January 1930 – 5 September 2002) 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. Early life and education Nikoi was born in the Accra suburb of La on 19 January 1930 to Ga parents. His father, Gottfried Ashaley Nikoi was a civil servant while his mother, Agnes Betty Oboshie Quao was a teacher and a textiles trader. Amon Nikoi's maternal great-grandfather, Nii Ngleshie Addy I was the oldest son of Nii Tetteh Tsuru I, the founder and ruler of the Otuopai Clan, a royal house in Ga Mashie. Amon Nikoi had his primary and middle education at the Roman Catholic Jubilee School in Cape Coast followed by his secondary school at Achimota College ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not the head of state, but rather the head of government, serving under either a monarch in a democratic constitutional monarchy or under a president in a republican form of government. In parliamentary systems fashioned after the Westminster system, the prime minister is the presiding and actual head of government and head/owner of the executive power. In such systems, the head of state or their official representative (e.g., monarch, president, governor-general) usually holds a largely ceremonial position, although often with reserve powers. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or most senior member of the cabinet, not the head of government. In many systems, the prime minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not the head of state, but rather the head of government, serving under either a monarch in a democratic constitutional monarchy or under a president in a republican form of government. In parliamentary systems fashioned after the Westminster system, the prime minister is the presiding and actual head of government and head/owner of the executive power. In such systems, the head of state or their official representative (e.g., monarch, president, governor-general) usually holds a largely ceremonial position, although often with reserve powers. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or most senior member of the cabinet, not the head of government. In many systems, the prime minister ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Coast (British Colony)
The Gold Coast was a British Crown colony on the Gulf of Guinea in West Africa from 1821 until its independence in 1957 as Ghana. The term Gold Coast is also often used to describe all of the four separate jurisdictions that were under the administration of the Governor of the Gold Coast. These were the Gold Coast itself, Ashanti, the Northern Territories Protectorate and the British Togoland trust territory. The first European explorers To arrive at the coast were the Portuguese in 1471. They encountered a variety of African kingdoms, some of which controlled substantial deposits of gold in the soil. In 1483, the Portuguese came to the continent for increased trade. They built the Castle of Elmina, the first European settlement on the Gold Coast. From here they acquired slaves and gold in trade for European goods, such as metal knives, beads, mirrors, rum, and guns. News of the successful trading spread quickly, and British, Dutch, Danish, Prussian and Swedish traders ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Samuel Blay
Robert Samuel Blay, was a Ghanaian barrister and judge. He was a Justice of the Supreme Court of Ghana during the First Republic. He is often referred to as the first Nzema people, Nzema lawyer. He was president of the Ghana Bar Association on two occasions and also a member of the first board of directors of the Bank of Ghana. Early life and education Robert was born in April 1901 at Esiama in the Western Region (Ghana), Western Region of Ghana. He had his early education at the Tarkwa Methodist School in Tarkwa. He entered the Government Training Institution (was later merged with Achimota College) to train as a teacher. In 1920 he left for the United Kingdom to study law. He was called to the bar in June, 1926. As a student at the University of London Robert was actively involved in student politics. He occupied positions in various student groups. He was once president of the Union of Students of African Descent, a group that accepted nationals from the Caribbean and African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor
A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political region or polity, a ''governor'' may be either appointed or elected, and the governor's powers can vary significantly, depending on the public laws in place locally. The adjective pertaining to a governor is gubernatorial, from the Latin root ''gubernare''. Ancient empires Pre-Roman empires Though the legal and administrative framework of provinces, each administrated by a governor, was created by the Romans, the term ''governor'' has been a convenient term for historians to describe similar systems in antiquity. Indeed, many regions of the pre-Roman antiquity were ultimately replaced by Roman 'standardized' provincial governments after their conquest by Rome. Plato used the metaphor of turning the Ship of State with a rudder; the Latin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperial Bank Of India
The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for British India prior to the formation of the Reserve Bank of India (RBI) in 1935. Origin The Imperial Bank of India is started through the kayasth trading and banking corporation which work to the monthly payment paid of teacher's of colleges and school and came into existence on 27 January 1921 through the reorganisation and amalgamation of the three Presidency Banks of colonial India into a single banking entity. The decision of his majesty's government was certainly influenced by the 1912 book "Indian Currency and Finance" authored by John Maynard Keynes. The Presidency Banks were the Bank of Bengal, established on 2 June 1806, the Bank of Bombay (incorporated on 15 April 1840), and the Bank of Madras (incorporated on 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernest Addison
Ernest Kwamina Yedu Addison (born 1963) is a Ghanaian economist serving as the current and 15th governor of the Bank of Ghana. He had previously worked at the same central bank as director of research from 2003 to 2011, and as an economist at the African Development Bank. Early life and education Addison attended Mfantsipim School, a Methodist college in Cape Coast with alumni such as former UN Secretary General Kofi Annan. After Mfanstipim he went to the University of Ghana for his Bachelor of Arts degree in economics from 1982 to 1986. He proceeded to Cambridge University for his Master of Economics from 1987 to 1989. In 1993, he obtained his Doctor of Philosophy (Ph.D.) degree in economics from McGill University. His Ph.D. dissertation, done under the direction of John Kurien, studied the ''Macroeconomic implications of sectoral policy incentives under structural adjustment: a general equilibrium analysis of sectoral terms of trade changes in the economy''. Career After ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nashiru Issahaku
Abdul-Nashiru Issahaku is a Ghanaian governance expert, economist, and former Deputy Governor for the Bank of Ghana (BoG). Career Issahaku's work experience includes Chief Executive Officer (CEO) of the Export Development and Agricultural Investment Fund (EDAIF) and a position at the World Bank. Bank of Ghana The Central Bank of Ghana should have two deputy governors but when then Governor Kwesi Beko Amissah-Arthur was made Vice President of Ghana Henry Kofi Wampah was promoted to acting governor, and the bank had to work with only one deputy governor in eight months from July 2012 to April 2013, when Issahaku was appointed. Prior to his appointment by John Mahama John Dramani Mahama (; born 29 November 1958) is a Ghanaian politician who served as President of Ghana from 24 July 2012 to 7 January 2017. He previously served as Vice President of Ghana from January 2009 to July 2012, and took office as presi ... in April 2016, Issahaku was the Second Deputy Governor with M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kofi Wampah
Henry Akpenamawu Kofi Wampah is a Ghanaian economist and former Governor of the Bank of Ghana. Academic background Wampah schooled at Hohoe E. P. Secondary School for his GCE 'O' Level certificate and Konongo-Odumase Secondary School for his GCE 'A' Level certificate. He proceeded to the University of Ghana where he obtained his degree in Economics and Statistics in 1977. Dr Wampah holds a master's degree (1983) and a PhD (1986) in Economics from McGill University, Montreal, Canada. Professional life Wampah started his working life at the Bank of Ghana in September 1986. His first appointment was as a Deputy Manager of the Bank. From February 2001 to February 2006 he was the Head of the Research Department of the Bank. During this period he worked as part-time staff at the International Monetary Fund (IMF), Washington, DC, as a Special Appointee from May to December 1998 and thereafter with the Monetary Operations Division of the Monetary and Exchange Affairs Department and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
