The Bank of Ghana (BoG) and the University of Ghana (UG), Legon have signed a partnership agreement for the establishment of the BoG Chair in Finance and Economics in a bid to promote research that will influence policy-making in the country.
The partnership will further ensure that there are broader consultations with academia and experts before the bank introduces policies and programmes, especially at a time the nation prepares to recover from the impact of the two global shocks on the economy – COVID-19 and Russia-Ukraine war.
Speaking at the brief ceremony in Accra, Governor of the Bank of Ghana, Dr. Ernest Addison, expressed confidence that the pact between the bank and the premier university will enhance the quality of policy decisions aimed at growing the economy.
Also commenting on the agreement, Vice-Chancellor of the University of Ghana, Prof. Nana Aba Appiah Amfo, expressed her appreciation to the central bank for supporting such a visionary move, saying the current global economic challenges make it necessary for academia to partner state institutions in policy formulation.
She further assured that the university will ensure a competent team of experts are put together to form the team that will spearhead the research.
Prof. Amfo added that the agreement is a boost to the university’s vision of becoming research-intensive institution, thereby contributing to Ghana’s development.