They also believe his appointment would bring confidence in the financial sector and ensure sound economic management in the face of current challenges.

A statement copied to the Ghana News Agency in Accra on Thursday said Dr. Asiama, a seasoned economist and former Deputy Governor of the Bank of Ghana, had technical expertise, calm demeanor, and non-partisan approach to monetary policy.

"His vast experience within the Central Bank positions him to steer Ghana's financial system towards stability.

"We are optimistic that he will maintain confidence within the banking sector as his temperament makes him well- suited to foster collaboration between government, financial institutions, and private sector players. His sentiments reflect a broader industry consensus that Dr. Asiama's in-depth knowledge of Ghana's financial landscape will be instrumental in stabilizing the economy, improving inflation control, and strengthening monetary policy frameworks". The statement said beyond his technical expertise, Dr. Asiama's academic background had also been highlighted as a key strength.

"From an academic viewpoint, the appointment of Dr. Asiama is a positive development for the Bank of Ghana. He brings with him an institutional memory and deep understanding of the intricacies of monetary policy. His strong research background and previous contributions to monetary policy discussions make him well-equipped to navigate Ghana through its economic recovery process".

The statement said his ability to balance monetary policy with economic growth objectives was expected to improve credit availability, stabilize the cedi, and reinforce Ghana's financial sector against external shocks.

It said with a proven track record at the Bank of Ghana and a wealth of experience in both academia and financial regulation, Dr. Asiama's appointment signaled a new era for the Central Bank."