Ghana has taken a significant step to bolster the stability of its financial system with the official installation of the board of directors for the Ghana Deposit Protection Corporation (GDPC), a key institution safeguarding citizens’ deposits.
The ceremony was led by Deputy Minister of Finance Thomas Ampem Nyarko, who underscored the corporation’s critical role in protecting depositors and enhancing public confidence in the country’s banking sector.
“The primary mission of this company is to protect citizens’ deposits and strengthen confidence in the national financial system,” Nyarko affirmed during the event held on Wednesday in Accra.
The newly appointed board is chaired by Dr Johnson Pandit Asiamah, Deputy Governor of the Bank of Ghana, and includes key figures such as Galahad Alex Andoh, Managing Director of the GDPC; Prosper Ayinbilla Awuni, representing the Ministry of Finance; Benjamin Amenumey; and Paul Kwasi Agyemang.
Dr Asiamah highlighted the board’s commitment to transparency, good governance, and innovation as foundational pillars for effective management. He also outlined ambitious plans to harness artificial intelligence and embed environmental, social, and governance (ESG) principles into the corporation’s operations.
“We aim to integrate AI technologies and ESG frameworks to improve the Company’s performance and resilience,” Dr Asiamah said, signalling a forward-looking approach that aligns with global financial trends.
The formation of this board comes amid broader efforts by Ghanaian authorities to strengthen financial sector oversight, safeguard consumer interests, and promote sustainable development within the economy.
With this leadership in place, the GDPC is poised to enhance its mandate, helping to secure Ghana’s financial landscape against risks while embracing innovation and responsible governance for the future.
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