Akufo-Addo re-appoints Elsie Addo Awadzi as Second Deputy Governor of BoG

Elsie Addo Awadzi appointed in 2018 as Second Deputy Governor of BoG

Elsie Addo Awadzi joined IMF in 2012

Elsie Addo Awadzi has over 25 years of professional experience

President Nana Addo Dankwa Akufo-Addo has re-appointed Elsie Addo Awadzi as the Second Deputy Governor of the Bank of Ghana.

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The appointment which takes effect from February 14, 2022 comes following Mrs Awadzi’s sterling contribution to the country’s financial sector reforms and regulatory activities of the central bank.

Prior to her re-appointment, Mrs Elsie Addo Awadzi was first appointed in 2018 as the Second Deputy Governor of the Bank of Ghana.

She has served under the leadership of Governor Dr. Ernest Addison with oversight of the Bank of Ghana’s regulation and supervision of banks and other financial institutions, the macro-prudential function, and other key operational functions.

Mrs Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally in law, finance, policy and regulatory reforms, financial sector regulation, sustainable development, and public financial management among others.

She is a member of the Bank’s Board of Directors, a member of the statutory Monetary Policy Committee, and a member of Ghana’s Financial Stability Council, which has representation from financial regulatory authorities in Ghana and the Finance Ministry.

As a staunch advocate for inclusive and sustainable finance, she chairs the Alliance for Financial Inclusion (AFI)’s Gender Inclusive Finance Committee, which provides thought leadership and guidance to the 100-member AFI network on the design and implementation of measures to close the gender gap in access to finance in developing countries.

She is also a member of the Expert Leaders Group on Women’s Financial Inclusion in the Digital Economy established by the Graça Machel Trust.

Before her appointment as Deputy Governor in 2018, Elsie was Senior Counsel of the Financial and Fiscal Law Unit of the International Monetary Fund (IMF)’s Legal Department for six years where she conducted financial sector stability assessments on G20 countries and provided technical assistance for the design and implementation of banking supervisory, resolution, and crisis management frameworks in a number of IMF member countries, among other things.

Before joining the IMF in 2012, Elsie was a Commissioner of Ghana’s Securities & Exchange Commission for six years, worked on key financial sector reforms in Ghana and abroad, and worked in private law practice and banking, among others.

She holds an LL.M. degree (International Business and Economic Law) with distinction and a Certificate in W.T.O. Law from the Georgetown University Law Center (2012) where she was also a Fellow of the Institute of International Economic Law.

She also holds an M.B.A. (Finance) Degree and an LL.B. Degree from the University of Ghana (2000 and 1993 respectively), and a post-graduate Qualifying Certificate to practice law from the Ghana School of Law (1995).