The award follows the Bank’s impressive achievements in reforming the banking sector in Ghana amid the fallout from the coronavirus disease.
At a virtual ceremony to receive the award, Ernest Addison, Governor of the Bank of Ghana, said: “It is a great privilege for the Bank of Ghana to be named the Central Bank of the Year, and I thank the team at Central Banking for the honour done us.
“This award reflects our vision to build a central bank of excellence that is well respected by stakeholders, and further strengthens our resolve to continue to implement sound monetary and financial sector policies,” Dr Addison said.
He said, “The successful execution of our monetary policy and the financial sector reforms and subsequent turnaround in the economy, which this award duly recognises, has been due to the hard work of the whole Bank of Ghana team, comprising management, the board and staff.
Dr Addison said: “Let me mention the support I got from my very able and efficient deputies and heads of departments. The bank also received invaluable support from the Monetary Policy Committee, and other key collaborative institutions, including the Ministry of Finance and the Economic Management Team, in the pursuit of its policies and programmes.
“With humility and profound gratitude, I accept this award on behalf of the board, management and staff of the Bank of Ghana. Thank you all for sharing in the vision to ensuring macroeconomic stability and establish a stable, sound and resilient banking sector to support the country’s growth and development agenda.
“I am hopeful that we will continue on this path and consolidate the far-reaching gains of macroeconomic and financial stability in Ghana,” Dr Addison said.
The Central Banking Awards were established to highlight the outstanding performance and achievements of individuals and organisations within central banking anywhere in the world.