Elsie Awadzi named as first female BoG 2nd Deputy Governor


President Akufo-Addo has finally named international economic and financial lawyer, Mrs Elsie Awadzi as the Second Deputy Governor of the Bank of Ghana.

Her appointment comes after the position of the Second Deputy Governorship of the Bank of Ghana has remained vacant over a month.

She replaces Dr. Johnson Asiamah who resigned from the position at the last working day of December 2017.


The President’s vision of achieving gender balance in His appointment can be said to be one of the major reasons why Mrs Awadzi who is professionally qualified got the position ahead of other male contenders who were penned down for the position.

She becomes the first female Second Deputy Governor of the central bank in Ghana and the second to be appointed to the governorship since the central bank was established.

The first lady that was appointed to the the deputy governorship was Mrs Theresa Owusu (Nana Oye Mensa Yeboah) who was appointed in 1989 and left the position in 1997, having served for 8years.

Mrs Awadzi is an international economic and financial lawyer with a total of 21 years of professional experience working in various capacities in Ghana and internationally.

She was until the appointment, a Senior Counsel of the IMF’s Legal Department (Financial and Fiscal Law Unit) with experience working on countries such as Japan, South Africa, and the United Kingdom; and advised on financial sector reforms in many countries in the context of the IMF’s surveillance, lending, and technical assistance activities.

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

Her key areas of specialization are financial sector development and regulation, financial stability assessments, design of crisis management frameworks and financial safety nets, and legal and institutional aspects of public financial management.

She holds an LL.M. degree (International Business and Economic Law) with distinction from the Georgetown University Law Centre, an M.B.A. (Finance) from the University of Ghana and an LL.B. Degree from the same university.

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