{"id":238809,"date":"2025-07-05T00:57:10","date_gmt":"2025-07-05T00:57:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/238809\/"},"modified":"2025-07-05T00:57:10","modified_gmt":"2025-07-05T00:57:10","slug":"reconstituted-financial-stability-council-convenes-to-strengthen-sector-stability","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/238809\/","title":{"rendered":"Reconstituted Financial Stability Council convenes to strengthen sector stability"},"content":{"rendered":"

\"Dr <\/a>Dr Johnson Asiama, Bank of Ghana Governor and Chairman of the Financial Stability Council<\/p>\n

The reconstituted Financial Stability Advisory Council (FSC) has held its maiden meeting to chart a fresh course for strengthening Ghana\u2019s financial sector. <\/p>\n

The session, which also marked the 22nd meeting of the Council since its establishment, was convened on June 9, 2025, following the Council\u2019s recent reconstitution.<\/p>\n

The FSC, created by an Executive Instrument under Article 58 of the 1992 Constitution, brings together key financial sector regulators and government representatives to promote financial stability and resilience.<\/p>\n

The new Council is chaired by Dr Johnson Pandit Asiama, Governor of the <\/a><\/a>Bank of Ghana<\/a>, and includes the following members:<\/p>\n

Matilda Asante-Asiedu, Deputy Governor of the <\/a><\/a>Bank of Ghana<\/a> (Financial Stability)<\/p>\n

Thomas Nyarko Ampem, Deputy Minister of Finance (Financial Sector)<\/p>\n

Dr Abiba Zakariah, Acting Commissioner, National Insurance Commission<\/p>\n

Dr James Klutse Avedzi, Acting Director-General, Securities and Exchange Commission<\/p>\n

Christopher Boadi-Mensah, CEO, National Pensions Regulatory Authority<\/p>\n

Galahad Alex Andoh, Acting CEO, Ghana Deposit Protection Corporation<\/p>\n

At its meeting, the Council discussed critical issues aimed at fortifying Ghana\u2019s financial sector, including progress on rebuilding financial buffers, updates on addressing legacy sector challenges, and strategic plans to enhance the Council\u2019s oversight role.<\/p>\n

\u201cWe are committed to promoting a sound, stable, and innovative financial sector that not only withstands shocks but also actively supports the growth of the real economy,\u201d Chairman of the Council, Dr Johnson Asiama said.<\/p>\n

He added, \u201cThe sustainability of Ghana\u2019s financial sector recovery depends on our ability to work together, act proactively, and ensure that the interests of depositors, investors, and pension contributors are safeguarded at all times.\u201d<\/p>\n

The Council acknowledged the steady progress being made in rebuilding financial buffers to sustain the sector\u2019s recovery. It also reviewed ongoing initiatives aimed at resolving outstanding issues from past financial sector challenges.<\/p>\n

\u201cOur priority is to reinforce confidence in the financial system and to implement forward-looking strategies that will prevent the recurrence of past instabilities,\u201d Deputy Governor in charge of Financial Stability at the <\/a><\/a>Bank of Ghana<\/a>, Matilda Asante-Asiedu said. <\/p>\n

The Council emphasised the importance of close collaboration among member institutions and stakeholders to promote a stable, inclusive, and resilient financial ecosystem.<\/p>\n

\u201cAs regulators and policymakers, we recognise that financial stability is not just about regulation, it is about creating a trustworthy system that contributes meaningfully to national development,\u201d Deputy Minister of Finance Thomas Nyarko Ampem said.<\/p>\n

The Council reaffirmed its pledge to continue providing coordinated oversight and decisive leadership to safeguard the integrity and sustainability of Ghana\u2019s financial sector.<\/p>\n

The Financial Stability Council (FSC), which was established in 2018, is mandated to promote the stability and resilience of Ghana\u2019s financial system. Its core focus includes coordinating financial sector regulation, identifying and mitigating systemic risks, and enhancing crisis preparedness. <\/p>\n

A Technical Committee and three specialised Working Groups support these functions.<\/p>\n

MA<\/p>\n

Cheque Fraud EXPOSED: How it works and how to stay safe<\/b><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Dr Johnson Asiama, Bank of Ghana Governor and Chairman of the Financial Stability Council The reconstituted Financial Stability…\n","protected":false},"author":2,"featured_media":238810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-238809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/238809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=238809"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/238809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/238810"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=238809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=238809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=238809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}