Central Bank Governor and Deputy sworn in

Central Bank Governor and Deputy sworn in

(GINA) The newly appointed Bank of Guyana Governor and his deputy were urged to do their best after they took their oath of office, at the Presidential Complex on Tuesday.

Former acting Governor, Dr. Gobind Ganga was formally sworn in by President Donald Ramotar, along with Deputy Governor Leslie Glen, in front of Finance Minister Dr. Ashni Singh, Minister with the Finance Ministry Juan Edghill, senior ministry officials and family members.

Dr. Ganga, in an invited comment, said his focus will be to help to maintain the country’s robust economy, “to ensure that there is a very efficient payment system in place and a payment system that we all can be proud of with less cash in the system. We will also ensure that the economy remains robust because we are also a part of the economy; obviously that will need the cooperation and assistance of a number of players in the sector.”

He described the Bank of Guyana as “comfortably staffed” noting that as they move forward to implement the strategic plan, the staff complement will have to be increased to facilitate the growth.

Dr. Gobind Ganga completed his BA Degree in Economics and Administrative Studies at the University of Winnipeg and his MA and PhD Degrees in Economics at the University of Manitoba during the 1980s. He was also a Lecturer in Economics at the University of West Indies, Mona Campus, in Jamaica, an adjunct professor at the Consortium Graduate School at Mona, Jamaica and a Senior Researcher/Senior Lecturer at the University of Guyana, Turkeyen Campus.

In 1995, Dr. Ganga was appointed Director of the Research Department at the Bank of Guyana. He held that position until November 2003, when he was appointed Alternate Executive Director at the World Bank in Washington, D.C., representing 10 Caribbean territories along with Canada and Ireland. In June 2005, Dr. Ganga was appointed Deputy Governor at the Bank of Guyana. However, he was only able to take up his appointment after completing his term at the World Bank. On May 8th, 2014, he was appointed Governor (ag) of Bank of Guyana.

Dr. Ganga has a wealth of Central Banking experience. He has written and published many articles on a wide variety of Economic issues, including Monetary Policy and Macroeconomics. Since 1993, Dr. Ganga has served on many Boards, Committees, Commissions and Tribunals. At the World Bank, he served on the Committee on Governance and Administrative Matters as well as the Sub-Committee on Development Effectiveness.

Ganga replaces the late Lawrence Williams whose passing was described as a major loss to Guyana and the local financial sector by President Ramotar. Mr. Williams passed away on May 7, after succumbing to cancer.

Deputy Governor Leslie Glen, has over 34 years of financial sector experience, and has served in various senior positions at the Central Bank. He was appointed as Division Chief in 1989, Assistant Chief Economist for three years after this, and then served as Director of Operations from 1995 to 2005 and Banking Manger from 2005 until his present appointment.

The Bank of Guyana was established in 1965 and is located in the capital city of Georgetown. Also known as the Central Bank, its mission is to maintain domestic price stability, through the prudent formulation and implementation of monetary policy. The Bank actively fosters conditions for a sound, efficient and progressive financial system.

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