McGill University delegation calls on BoG Governor


A delegation from McGill University, Canada, consisting of professors, students, and alumni, recently paid a visit to the Bank of Ghana to gain a better understanding of its operations and connect with alumni from the university. The visit was part of the ‘Hot Cities of the World’ 12th edition tour organised by the university for its students.

Professor Karl Moore, leader of the delegation, expressed gratitude to the bank’s management for the remarkable reception, indicating that this year’s chosen theme is ‘Taking the future to the future’ – and since Ghana is part of the future, a visit to the Bank of Ghana was imperative. The visit aimed to provide the students an opportunity to better understand and appreciate the bank’s operations, as well as connect with alumni of the university.

Governor Ernest Addison, who is an alumnus of McGill University, provided an overview of Ghana’s current economic situation – noting that despite the current economic challenges, Ghana remains a vibrant country; which provides an indication of positive prospects should the macroeconomic indicators improve. The Governor further added that although the bank had encountered challenges with maintaining price stability due to persistent shocks, an improvement is expected this year.

During the visit, the team interacted with management on wide-ranging issues concerning Ghana and the sub-region. In the Governor’s team were the First and Second Deputy Governors, Dr. Maxwell Opoku-Afari and Mrs. Elsie Addo Awadzi; the Director of Financial Markets, Mr. Stephen Opata, and other officials of the bank.

The bank’s staff later made presentations to the students – on Monetary Policy Formulation in Ghana, Financial Market Operations, Use of Big Data Analytics in the bank, and Management of the Ghana Petroleum Funds – aimed at giving the students a comprehensive understanding of the bank’s operations.

In conclusion, the delegation from McGill University’s visit was a significant one, providing an opportunity for students to learn about the Bank of Ghana’s operations and also connect with alumni of the university. The visit was also an indication of the international community’s growing interest in Ghana’s economy and its institutions.

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