Former Rector of the Ghana Institute of Management and Public Administration (GIMPA), ProfStephen Adei, has tendered his resignation from the advisory board of the Ministry of Finance.
Citing personal reasons for his decision, Prof Adei emphasized the importance of coordination and collaboration between the Ministry of Finance and the Bank of Ghana (BoG) to ensure a synchronized approach to economic policies.
Prof Adei recounted his experience during his tenure on the advisory board, sharing that he had served for eight years under the National Democratic Congress (NDC) and the first term of President Akufo-Addo.
He highlighted an incident where the then-governor of the BoG was invited to a discussion with the board. At the time, the governor asserted the central bank’s independence, prompting the board to stress the need for alignment between the two institutions while acknowledging their respective independence.
The advisory board, established under the Civil Service Act, plays a significant role in facilitating engagement between the Ministry of Finance and its stakeholders. Its purpose is to offer insights into policy formulation and operational strategies, contributing to informed decision-making.
The board is chaired by the Minister for Finance, Ken Ofori-Atta, and comprises distinguished members with diverse expertise.
Prof Adei’s resignation sheds light on the complexities of collaboration and policy synchronization between different arms of government in Ghana’s governance structure.
