BoG appoints Ebo Turkson as external member of MPC

The Bank of Ghana (BoG) has appointed Festus Ebo Turkson as an external member of the Monetary Policy Committee (MPC).

This is in pursuant to section 27(3)(E) of the Bank of Ghana 2002 (Act 612) as amended by the Bank of Ghana (Amendment) Act, 2016 (Act 918).

A statement from the central bank indicated that Prof. Turkson replaces Dr. John K. Kwakye, who retired as an External Member of the MPC having served the statutory term limit.

Prof. Ebo Turkson is a Development Economist specialised in macroeconomics and finance, monetary and financial economics, small and medium enterprises development, industrial policy, applied micro econometrics and international trade policy and finance.

He is an Associate Professor of Economics at the University of Ghana with an economics research, teaching and consultancy career spanning over 20 years.

He holds a Ph.D. in Economics from the University of Nottingham and is a member of the Leverhulme Centre for Research on Globalization and Economic Policy of the School of Economics of the Nottingham University. He is also a member of many years’ standing of the African Economic Research Consortium.

The Board of Bank of Ghana is confident that Prof. Turkson will be an important addition to the membership of the MPC and will contribute his vast experience to the work of the MPC.

“The Board of Directors of the Bank of Ghana extends warm appreciation to Dr. Kwakye for his contributions to monetary policy deliberations and formulation during his tenure,” it added.