About Us
Board of Directors
Dr. Zakari Mumuni
Board Chairman
Dr. Zakari Mumuni
Dr. Zakari Mumuni is the current First Deputy Governor of the Bank of Ghana and serves as the Board Chairman of the Central Securities Depository (GH) LTD (CSD). A highly respected economist and policymaker, he brings over 22 years of experience in central banking, macroeconomic policy formulation, financial markets development, and institutional leadership.
As First Deputy Governor, Dr. Mumuni is a key figure in Ghana’s monetary policy architecture, contributing directly to the work of the Monetary Policy Committee (MPC) and overseeing strategic areas including financial markets operations, economic research, and monetary policy implementation.
Prior to his current role, he was Director of the Financial Markets Department at the Bank of Ghana and previously led the Modelling and Forecasting Office in the Research Department. There, he was responsible for developing and managing the Bank’s main macroeconomic forecasting framework—the Quarterly Projection Model (QPM)—and conducting empirical research to support monetary policy decisions.
Dr. Mumuni also served as Special Assistant to the Governor, where he coordinated high-level engagements with the IMF, World Bank, and other international financial institutions, and supported key policy collaborations with Ghana’s Ministry of Finance.
As Board Chairman of the CSD, Dr. Mumuni provides strategic oversight and leadership to Ghana’s central securities depository, guiding its evolution as a critical financial market infrastructure. His influence is instrumental in strengthening the governance, innovation, and regional integration efforts of the CSD.
In addition to his executive roles, Dr. Mumuni has served on several national financial committees including:
- Capital Market Master Plan Steering Committee
- Ghana Fixed Income Market Committee
- Petroleum Funds Management Committee
- Open Market Operations Committee
An accomplished academic and published researcher, Dr. Mumuni holds a Ph.D. in Economics from the University of Nottingham, UK, as well as an MPhil and BA (Hons) in Economics from the University of Ghana, Legon. He has authored and co-authored several papers on inflation targeting, fiscal policy, and monetary frameworks in emerging and low-income countries.
Mr. George Nkrumah
(CAMS)-Director
Mr. George Nkrumah
Mr. George Nkrumah is a seasoned economist and Certified Anti-Money Laundering Specialist (CAMS) with extensive expertise in economic policy management and its practical implications on society. He was an Assistant Director of the Bank of Ghana and served the Bank for 24 years, holding various roles across multiple departments, and has built a strong reputation as an expert in anti-money laundering (AML) and regulatory compliance.
Currently, George works as a Banking Consultant, specializing in regulatory compliance, AML/CFT (Combating the Financing of Terrorism), and corporate governance within financial institutions. Since his retirement from the central bank, he has supported numerous banks, savings and loans companies, securities market operators, and insurance firms in strengthening their compliance departments to meet evolving regulatory expectations.
His consultancy has also extended to Designated Non-Financial Businesses and Professions (DNFBPs), where he has assisted in establishing AML offices. Notably, George was engaged by the Financial Intelligence Centre (FIC) and GIZ to develop AML/CFT & PF (Proliferation Financing) Guidelines for both accounting and legal professionals in Ghana.
In collaboration with the Institute of Chartered Accountants, Ghana, he developed a comprehensive off-site and on-site examination manual to enhance AML/CFT & PF supervision of accounting firms. He also played a key role in establishing the Institute’s AML Supervision Office.
George was a lead member of the National Taskforce formed by the Inter-Ministerial Committee on AML, which spearheaded critical reforms in Ghana’s AML/CFT & PF regime, culminating in Ghana’s successful removal from the Financial Action Task Force (FATF) Grey List in 2021.
An experienced facilitator and OCED instructor, George has led and participated in various AML and fraud-related courses both locally and internationally. He has provided training for directors, senior management, and staff of numerous financial institutions.
George also played a pioneering role in the establishment of the Central Securities Depository (CSD) Ghana. He was the first Company Secretary, Secretary to the Board of Directors, and Head of Operations & Surveillance, having previously served as Member/Secretary of the Steering and Implementation Committees that set up the CSD.
Before joining the Bank of Ghana, he lectured in Economics and Quantitative Techniques at the then Accra Polytechnic (now Accra Technical University).
George holds degrees in Economics with Statistics and in Economic Policy Management (EPM), both from the University of Ghana. Beyond his professional pursuits, he is also engaged in farming.
Mr. Ernest Nii Sowah Ahulu
Board Member
Mr. Ernest Nii Sowah Ahulu
Mr. Ernest Nii Sowah Ahulu is a seasoned economist and financial markets expert with over three decades of experience spanning economic policy analysis, banking, and financial sector development. He currently serves as an Assistant Director Financial Markets Department of the Bank of Ghana, having previously held several senior roles within the central bank’s Research and Financial Markets Departments. He also served as the Officer-in charge of the Financial Markets Department.
He began his career at the Ministry of Food and Agriculture under the JICA National Service Programme and has since contributed significantly to both the public and private sectors. Notably, he held leadership positions at United Bank for Africa (UBA) and Maersk Ghana Ltd., where he honed his expertise in credit analysis, sales management, and relationship building.
Mr. Ahulu’s core competencies include monetary policy analysis, banking sector development, public sector borrowing requirement (PSBR) forecasting, open market operations, and financial market surveillance. He has represented Ghana on various international financial training programmes hosted by institutions such as the IMF, WAIFEM, and the Reserve Bank of India, with focus areas ranging from monetary policy and exchange rate frameworks to payment and settlement systems.
He holds an MPhil in Economics and a BA (Hons) in Economics with Sociology from the University of Ghana, Legon, as well as an MBA in Finance from the University of Leicester, UK. His academic research has addressed critical topics such as the policy implications of money supply and the impact of financial sector reforms in Ghana.
Mr. Ahulu brings to the Board of the CSD deep insight into financial market operations, regulatory engagement, and economic governance—making him a valuable asset in the ongoing transformation and modernization of Ghana’s capital market infrastructure.
Ms. Abena Amoah
Board Member
Ms. Abena Amoah
Ms. Abena Amoah (Director) is the Managing Director of the Ghana Stock Exchange. She was the Deputy Managing Director of the Ghana Stock Exchange prior to her appointment as the Managing Director. Ms. Amoah is an accomplished investment banker and capital markets expert who has led on many landmark transactions for more than 20 years. Abena’s experience covers stock market listings and trading, mergers and acquisitions advisory, investment research, asset management, private placement of equity, debt and hybrid instruments, large infrastructure project development, business start-ups and incubation, public education on investment and financial matters, and capital markets development strategies, across diverse sectors of the Ghanaian environment.
She has served on boards of companies – publicly listed, private and not-for-profit – such as Access Bank PLC, African Women’s Development Fund, Ghana Stock Exchange, Ghana Petroleum Funds, Kosmos Energy Ghana HC Advisory Council, The Foschini Group Ghana Ltd, University of Ghana Council, Venture Capital Trust Fund and Wapic Insurance Ghana Ltd. She has been an advisor to the Government of Ghana and financial sector regulators in West Africa on the deepening of financial markets and is highly respected in her industry for her outstanding professionalism and integrity.
Abena is an alumna of the University of Ghana Business School and has also undertaken academic and leadership studies at the Stanford Graduate School of Business, Harvard Business School and the University of Denver’s Daniels College of Business, all in the USA. She was a founding executive of the Ghana Securities Industry Association, an Authorised Dealing Officer of the Ghana Stock Exchange and an Assessor (Capital Markets Expert) of the Commercial Division of the High Court of Ghana.
Mr. Samuel Aboagye–Amoa–Esa
Board Member
Mr. Samuel Aboagye–Amoa–Esa
Mr. Samuel Aboagye–Amoa–Esa is a seasoned legal practitioner and communications expert with over 14 years of legal experience and more than 25 years of multidisciplinary expertise in marketing, public relations, and journalism. He is a dual-qualified solicitor, admitted to the Supreme Court of England and Wales and the Supreme Court of Ghana, and also serves as a Notary Public.
Mr. Aboagye–Amoa–Esa is currently the Managing Partner at Esa & Koko Legal Practitioners, where he specializes in international trade finance, corporate and company law, litigation, dispute resolution, and media and international law. He previously served as Legal Counsel at Ghana’s Ministry of Finance, where he advised on key international agreements, financial regulations, and government transactions. Notable among these were Ghana’s membership and charter negotiations with the Africa Finance Corporation, the Shelter Afrique agreement, and major hospital infrastructure projects involving international partners from Egypt and the UK.
During his tenure at the Ministry, he held several strategic roles, including:
- Co-Chair, Credit Vetting Committee – reviewing government loan agreements prior to Cabinet and Parliamentary approval.
- Secretary & Coordinator, Inter-Ministerial Committee on Anti-Money Laundering and Countering the Financing of Terrorism.
- Member, Parliamentary Liaison Committee.
In addition to his legal practice, Mr. Aboagye–Amoa–Esa has served in senior marketing and academic roles, including as Direct Marketing Manager at Allianz Insurance Ghana and Adjunct Lecturer in Financial Laws at the University of Professional Studies, Accra (UPSA). He is also a former senior journalist and political desk head at Radio Gold FM, where he reported on national and international affairs and conducted interviews with global leaders and high-ranking officials.
He is a member of the Ghana Bar Association, the Law Society of England and Wales, and the Ghana Journalists Association. He holds an LLM in International Law from the University of Nottingham, a Legal Practice Certificate (LPC) from Nottingham Law School, a Graduate Diploma in Law (GDL) from The College of Law, London, a BA (Hons) from the University of Ghana, Legon, and a Diploma in Public Relations and Advertising from the Ghana Institute of Journalism.
Mr. Frank Yoofi Mensa Berle
Board Member
Mr. Frank Yoofi Mensa Berle
Mr. Frank Yoofi Mensa Berle (Director) is the Acting Deputy Managing Director of the GSE and is a well-rounded finance professional with decades of practical experience, adept at finance & accounting, capital market processes, taxation, financial economics, wealth management, and performance optimization.
Frank joined the Exchange in January 2001 as Manager, Finance & Operations, and then as Head of Finance & Administration in 2007. He served as Head of Securities Clearing & Settlement whiles as the Group Head, Finance & Administration, when the Exchange had a wholly owned subsidiary, the GSE Securities Depository (GSD) Ltd in 2008. Frank reverted to his current position in January 2015 after the merger between the GSE and the Central Securities Depository (GH) LTD.
Prior to joining the Exchange, he served as a Financial Accountant for various companies, including Coconut Groove Hotel, Elmina, and Cadbury Ghana Ltd. He was a lecturer at the now Cape Coast Technical University in the 1997/98 academic year and taught at the School of Business Studies, the University of Cape Coast in 1993/1994.
Frank has extensive leadership and professional training in finance & accounting, business strategy, and capital market regulations, including study tours to many Exchanges in Africa, America, Asia, and Europe. He earned recognition as a Manson House Scholar in 2007 for his executive training in Capital Markets regulation at the London Stock Exchange and further acknowledged by the World Bank Group for his contribution to one of their flagship publications.
Frank is a chartered accountant with additional chartered qualifications in taxation, financial economics, and wealth management. He is a Fellow of the Chartered Institute of Taxation, Ghana, and has memberships of the Institute of Chartered Accountants, Ghana; Association of Certified Chartered Economics, USA; Global Academy of Finance & Management, USA and the Institute of Directors, Ghana.
Frank further holds the Chartered Management Accounting qualification and membership of the Chartered Institute of Management Accountants (CIMA), UK. He subsequently earned the coveted Chartered Global Management Accountant (CGMA) designation of the Association of International Certified Professional Accountants (AICPA), the largest global accounting body that combines the strength of the American CPA and the British CIMA.
Frank Berle completed his secondary education at St. Augustine’s College, Cape Coast, then to the University of Cape Coast, where he obtained a Master of Philosophy degree in Economics and a Bachelor of Commerce degree done concurrently with a Diploma in Education.
Board Secretary
Miss Horlali Bodza-Lumor
Company Secretary
Miss Horlali Bodza-Lumor
Miss. Horlali Bodza-Lumor (Board Secretary) holds a BSc (Marketing) from the University of Ghana Business School, a Postgraduate Diploma in Marketing from the Chartered Institute of Marketing (CIM) UK, a LLB (Hons) from the Faculty of Law, University of Ghana, and a Qualifying Certificate in Law from the Ghana School of Law, Makola. She was called to the Ghana Bar in October 2012 and joined the CSD in August 2018 as Legal Officer. She was appointed by the Board as Company Secretary in October 2019 and also Heads the Legal Unit of the CSD. Miss Bodza-Lumor previously worked with Zenith Bank Ghana Limited as legal Officer and with the erstwhile Procredit Savings and Loans Company Limited.
