Bank of Ghana

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Bank of Ghana
Bank of Ghana High Street.jpg
Headquarters Accra, Greater Accra, Ghana
Established 1957; 65 years ago (1957)
Governor Dr. Ernest Kwamina Yedu Addison
Central bank of Ghana
Currency Ghanaian cedi
ISO 4217 Code GHS

The Bank of Ghana is the central bank of Ghana, in Accra. The Central Bank was formed in 1957.[1]

History[change | change source]

In 1913, the West African Currency Board was created in London, which issued the West African pound, the common currency of the British colonies in West Africa.

The Bank of Ghana was established on March 4, 1957, which began operations on August 1 of the same year.

Officers[change | change source]

The first governor of the bank was Mr. Alfred Eggleston, the former Managing Director of BGC and an accomplished Scottish banker on secondment to Ghana from the Imperial Bank of India.

The first Board:

  1. Alfred Eggleston, Chairman
  2. Douglas F. Stone, Deputy Governor
  3. R. S. Blay, Director
  4. N. T. Clerk, Director
  5. C. E. Osei, Director
  6. R. C. Parkin, Director

In 1957, the bank opened six main departments:

  • The Governors' Office
  • The Administration/Personnel Department
  • The Banking Department
  • The Issue Department
  • Accounts/Audit Department
  • Economics/Statistics Department

References[change | change source]

  1. "AFI members | AFI Global". 2012-02-20. Archived from the original on 2012-02-20. Retrieved 2021-06-18.{{cite web}}: CS1 maint: bot: original URL status unknown (link)