President John Mahama has nominated the Head of Financial Markets at the Bank of Ghana (BoG), Dr. Zakari Mumuni, as the First Deputy Governor of the central bank.

JoyBusiness understands that the decision was made on Friday, February 21, 2025.

Dr. Mumuni is a distinguished central banker and researcher known for his contributions to monetary policy and financial markets. He currently serves as the Director of the Financial Markets Department at the Bank of Ghana and is a member of the bank’s Monetary Policy Committee.

With over 22 years of experience in central banking, public sector management, institutional capacity development, and macroeconomic policy analysis, Dr. Mumuni has played a key role in Ghana’s financial sector.

Before assuming his current position, he headed the Modelling and Forecasting unit in the Research Department of the Bank of Ghana. In this role, he oversaw macroeconomic forecasting using the bank’s main Macroeconomic Model—the Quarterly Projection Model (QPM)—alongside financial programming, debt sustainability assessments, and empirical research.

Dr. Mumuni also served as Special Assistant to the Governor, where he facilitated high-level engagements between the BoG, the International Monetary Fund (IMF), the World Bank, and the Ministry of Finance on key macroeconomic and monetary policy matters.

Before joining the Bank of Ghana in 2002, he worked as a Foreign Service Officer in the Economic, Trade & Investment Bureau at Ghana’s Ministry of Foreign Affairs, where he gained experience in managing bilateral and multilateral negotiations.

Beyond his banking career, he has contributed to academia, serving as an adjunct professor at Ashesi University in 2010/2011 and a Graduate Teaching Assistant at the University of Ghana’s Department of Economics from 2000 to 2002.

Dr. Mumuni’s nomination is expected to bring his extensive expertise in financial markets and policy analysis to the leadership of the central bank.