The reconstituted Financial Stability Advisory Council (FSC), established by an Executive Instrument by Article 58 of the Constitution, convened its 22nd Council meeting on 9th June 2025.
This meeting also marked the maiden session of the Council following its recent reconstitution.
A statement from the Financial Stability Council indicated that the Council deliberated key issues of relevance to the promotion and sustainability of Ghana’s financial sector stability.
This includes progress on rebuilding buffers to sustain the recovery of the financial sector, an update on ongoing initiatives to address legacy issues within the financial sector, and strategic plans to further strengthen the Council’s work in promoting the resilience of the financial sector.
The Council reaffirmed its commitment to safeguarding Ghana’s financial system through enhanced collaboration among member institutions.
It also emphasised the importance of proactive oversight and coordinated action to ensure a stable, inclusive, and robust financial sector.
The Council Chair emphasised the importance of fostering a sound, stable and innovative financial sector that supports the real sector of the economy in promoting sustainable economic growth.
The Council is Chaired by Dr. Johnson Pandit Asiama – Governor of the Bank of Ghana; Matilda Asante-Asiedu – Deputy Governor of the Bank of Ghana (Financial Stability); Thomas Nyarko Ampem, Deputy Minister of Finance (Financial Sector); Dr. Abiba Zakariah – Acting Commissioner, National Insurance Commission; Dr. James Klutse Avedzi –Acting Director-General, Securities and Exchange Commission; Christopher Boadi-Mensah – Chief Executive Officer, National Pensions Regulatory Authority and Galahad Alex Andoh – Acting Chief Executive Officer, Ghana Deposit Protection Corporation.
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