The international Monetary Fund (IMF) has appointed Leonard Chumo as a financial
adviser to the Bank of Ghana upon request.
Funded by
Switzerland’s State Secretariat for Economic Affairs (SECO), the resident
adviser is expected to provide technical assistance and help build the capacity
of the banking supervision function in the country.
A press release
from the Bank of Ghana indicated that “the Adviser’s placement is a
continuation of cooperation in this area between the Bank of Ghana, the IMF,
and SECO, that started as early as in 2015 and had already seen the assignment
of a previous Adviser until 2018.”
According to the
Bank of Ghana, the previous adviser contributed to some achievements which make
the current assignment eminent.
The Bank of
Ghana in the press release disclosed that the previous adviser’s “collaborative
efforts include the passage of the Banks and Specialised Deposit-Taking
Institutions Act, 2016 (Act 930), the development and issuance of the Corporate
Governance Directive 2018, and the Capital Requirement Directive 2018.”
Mr. Chumo,
brings first-hand knowledge of supervisory work from leading central banks as
well as previous technical assistance experience in the Western Africa region.
Mr. Chumo
started his assignment at the Bank of Ghana on 6th February 2023 and is
expected to stay for three years.
Among others, he
will support the implementation of Pillar 2 and 3 of the Basel II/ III capital
frameworks, as well as strengthen the Risk-Based Supervisory framework at the
Bank of Ghana.
Last year,
Attorney Kim Gardner had filed a motion seeking the release of Mr Johnson after
conducting an investigation together with the Innocence Project non-profit
legal organisation.
Following
Tuesday's hearing, Mr Johnson's legal team criticised the office of the state
attorney general which had pushed to keep him in prison.
The office
"never stopped claiming Lamar was guilty and was comfortable to have him
languish and die in prison," Mr Johnson's attorneys said in a statement.
A spokesperson
for the attorney general said in an email that the office will take no further
action in the case.
"Our office
defended the rule of law and worked to uphold the original verdict that a jury
of Johnson's peers deemed to be appropriate based on the facts presented at
trial," the statement said.
Marcus Boyd was
shot dead by two masked men on Mr Johnson's front porch in October 1994.
Mr Johnson has
repeatedly said that he was not at home when the attack happened.
Judge Mason
issued his ruling after one witness had recanted his testimony, and an inmate
had confessed that he shot Boyd with another suspect, Phil Campbell.
During the
initial trial, Campbell pleaded guilty to a reduced charge and was sentenced to
seven years in prison
SOURCE: CITIBUSINESSNEWS
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