Bank of Ghana

The Bank of Ghana is the central bank of Ghana, in Accra. The Central Bank was formed in 1957. History In 1913, the West African Currency Board was created in London, which issued the West African pound, the common currency of the British colonies in West Africa. The Bank of Ghana was established on March 4, 1957, which began operations on August 1 of the same year. Officers The first governor of the bank was Mr. Alfred Eggleston, the former Managing Director of BGC and an accomplished Scottish banker on secondment to Ghana from the Imperial Bank of India. The first Board: Alfred Eggleston, Chairman Douglas F. Stone, Deputy Governor R. S. Blay, Director N. T. Clerk, Director C. E. Osei, Director R. C. Parkin, Director In 1957, the bank opened six main departments: The Governors' Office The Administration/Personnel Department The Banking Department The Issue Department Accounts/Audit Department Economics/Statistics Department References