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Osafo Marfo Named Senior Minister Designate

January 10, 2017
in Top Stories
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President Nana Akufo-Addo’s first batch of minister designates has seen Yaw Osafo Marfo earmarked for the Senior Minster position.

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This announcement was made by President Nana Akufo-Addo at the Flagstaff House today [Tuesday], where he also announced 12 other Minister designates, pending parliamentary approval.

The Senior Minster position was a designation under the erstwhile Kufuor Administration. The Minister will supervise the activities of all other appointees, and ensure discipline at all levels.

In making the announcement, President Akufo-Addo said Mr. Marfo, an experienced economist, will help Dr. Mahamudu Bawumia, who who will be heading the country’s economic team, to put the country on a sound  footing.

Mr. Osafo Marfo has served as the Minister of Finance, later Minister of Finance and Economic Planning, during the Kufuor Administration. He held this position from February 2001 and January 2005.

Between 2005 and 2006 he became the Minister of Education, Youth and Sports.

He is credited with leading the implementation of the new free basic education referred to as then as the Capitation Grant.

Mr. Osafo Marfo is an engineer and a project analyst by training and he established his credentials as a banking and finance leader by heading and successfully restructuring two major Ghanaian banks, the Bank for Housing and Construction and the National Investment Bank between 1979 and 1992.

He has been a Consultant to the World Bank, the African Development Bank and the United Nations Development Programme.

Osafo Marfo is the past Vice-President of the Executive Committee of the West African Bankers Association, and a founding Deputy Chairman of the Ghana Stock Exchange.

He has served as Chairman and a board member on a number of corporations including Nestle Ghana Limited, National Trust Holding Company, Merchant Bank Ghana Limited, National Development Planning Commission, Divestiture Implementation Committee and Donewell Insurance. He is a fellow of the Ghana Institution of Engineers and an Honorary Fellow of the Ghana Institute of Architects.

He is also fellow of the Ghana Institution of Engineers and an Honorary Fellow of the Ghana Institute of Architects.

By: citifmonline.com/Ghana with files from Ministerial Leadership Initiative

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(Via: CitiFM Online Ghana)

Tags: addoAfrican Bankers AssociationbankingBanks - NECBusiness_FinanceChairman and a board memberConsultantDiversified Investment ServicesDivestitureengineer and a project analystExecutive Committeeexperienced economistfinancefounding Deputy ChairmanghanaGhana Institute of ArchitectsGhana Institution of Engineers and an Honorary FellowGhana Stock ExchangeGhanaian peopleKufuor administrationMahamudu BawumiaMerchant Bank Ghana LimitedministerMinister of EducationMinister of Finance , later Minister of Finance and Economic PlanningminsternanaNana Akufo-AddoNational Development Planning CommissionNational Trust Holding CompanyNestle Ghana LimitedOsafo MarfoPolitics of GhanapresidentRebecca Akufo-AddoUnited Nations Development ProgrammeVice PresidentWorld BankYawyouth

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