Bank of Ghana

September 8, 2010Central Banksby EconomyWatch


The Bank of Ghana was established through the Bank of Ghana Ordinance in the year 1957. Though the bank was established with the objectives of keeping and using reserves and maintaining monetary stability in Ghana still in the present days the bank is working in various fields.

The Board of Directors is the supreme governing body of the bank. The Board of Directors consists of the Governor (who is also the Chairman of the bank), the first and second deputy governors, and nine other directors. The President of Ghana appoints the Board of Directors.

The board functions with the responsibilities of implementing policies necessary for administration and policies that ensure the stability of the overall price level in the economy.

For the smooth functioning of the bank, the boards of directors appoint following committee:

  • Human Resource Committee
  • Corporate Governance Committee
  • Economy and Research Committee
  • Strategic Planning Committee
  • Budget and Audit Committee

The Address and Contact details of the bank is as follows:

Bank of Ghana

Address: P.O. Box 2674 Accra GHANA
Phone No.: ++233-21-666-1746; -3615; -9028; -9215
Fax: ++233-21-662 996

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