The International Monetary Fund (IMF) has named a Swiss-paid financial supervision adviser to make attainable technical aid to the Bank of Ghana (BoG) as the country tries to procure executive board consent for a bailout of the sum of $3 billion.
Ghana’s central bank on Tuesday, mentioned in a statement that the positioning delineates continued co-operation among the West African country, the IMF and the Swiss State Secretariat for Economic Affairs.
According to the statement, Leonard Chumo, the adviser, started his operation on the 6th of February. Chumo is required to work for 3 years and support the financial institution’s carrying out of Pillar 2 and 3 of the Basel II and III capital structures to augment its risk-based perusal structure.
Chumo brings direct intellectual understanding of perusal work from heading central banks in addition to prior technical support skill in the West African territory.
BoG appreciated Switzerland’s State Secretariat for Economic Affairs (SECO) for the consistent support of providing long-term technical experts from the IMF to the BoG.