International Monetary Fund (IMF) has appointed Leonard Chumo as financial supervision adviser backed by Switzerland to offer technical assistance to the Bank of Ghana as the country endeavours to secure executive board endorsement for a $3 billion rescue package.
On Tuesday, the central bank of Ghana announced that the arrangement symbolized the ongoing collaboration among Ghana, the International Monetary Fund (IMF), and the State Secretariat for Economic Affairs of Switzerland.
According to the statement, Leonard Chumo, the advisor, commenced his duties on February 6th and is scheduled to remain for three years. His role is to aid the bank in implementing Pillar 2 and 3 of the Basel II and III capital frameworks and enhancing its risk-based supervisory framework.
Leonard Chumo possesses firsthand experience in supervisory work gained from prominent central banks, along with past involvement in providing technical assistance in the West African region.
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