Dr. Zakari Mumuni is the First Deputy Governor of the Bank of Ghana, appointed in February 2025 as part of a new leadership team tasked with managing Ghana’s policy. A seasoned Ghanaian economist and central banker, Dr. Mumuni brings over two decades of experience in economic research, monetary policy analysis and operations, and financial markets supervision.
Since joining the Bank of Ghana in 2002, Dr. Mumuni has served in various technical and leadership roles, including Director of the Financial Markets Department, where he oversaw monetary policy implementation and market development. He previously headed the Modelling and Forecasting office, leading the Bank’s MPC’s core analytical team. His deep understanding of Ghana’s economic dynamics positioned him to serve as Special Assistant to the Governor, facilitating strategic coordination with the Ministry of Finance, the IMF, and other international institutions.
Dr. Mumuni holds an MPhil in Economics from the University of Ghana and a PhD in Economics from the University of Nottingham, UK. His academic work focuses on inflation targeting, exchange rate dynamics, and macroeconomic policy frameworks in low-income countries. He has published extensively in peer-reviewed journals, including the Journal of African Economies and the Review of Development Economics, contributing to policy debates on monetary policy and fiscal-monetary interactions.
Prior to his central banking career, Dr. Mumuni worked as a Foreign Service Officer in the Economic, Trade & Investment Bureau at Ghana’s Ministry of Foreign Affairs, and held teaching roles at the University of Ghana and Ashesi University. This multidisciplinary background gives him a well-rounded perspective on both domestic economic policymaking and international financial diplomacy.
As First Deputy Governor, Dr. Mumuni plays a leading role in the Bank’s Monetary Policy Committee and provides strategic oversight over policy analysis and operations, foreign exchange management, and research. His appointment is expected to strengthen the Bank’s capacity to anticipate and respond to complex macroeconomic challenges, especially in an era of rising digital finance, global economic volatility, and renewed efforts to deepen Ghana’s financial markets.
Dr. Mumuni remains committed to evidence-based policymaking, institutional innovation, and fostering a stable financial environment that supports inclusive economic growth.
