In the 2022 report, only three central bankers in Africa made the top 20 global list: Lesetja Kganyago, Governor of the South African Reserve Bank; Harvesh Kumar Seegolam, Governor of the Bank of Mauritius; Abdellatif Jouahri, Governor of the Central Bank of Morocco.
Nigeria’s central bank governor missed out from the list of top 15 central bankers in Africa and was given a “C-” grade by the magazine, which ranks him lower than African peers from such countries as Kenya (B), Rwanda (B+), Ghana (B-), Tanzania (B-) and Zambia (C+).
Grades in the ranking are based on a scale of “A” to “F” for success in areas such as inflation control, economic growth goals, currency stability, and interest rate management.
Here are the best-performing central bank governors in Africa in 2022
1. Lesetja Kganyago – Governor of the South African Reserve Bank (A)
Lesetja Kganyago has been the Governor of the South African Reserve Bank since 2014. During his tenure, he has been widely recognized for his strong leadership and commitment to maintaining price stability. Kganyago has implemented effective monetary policies that have helped stabilize the South African economy and mitigate inflationary pressures. His strategic decision-making and emphasis on transparency and accountability have earned him a reputation as one of the best-performing central bank governors in the region
2. Harvesh Kumar Seegolam – Governor of the Bank of Mauritius (A-)
Harvesh Kumar Seegolam serves as the Governor of the Bank of Mauritius. Under his guidance, the central bank has played a crucial role in ensuring financial stability and promoting economic growth in Mauritius. Seegolam’s expertise in monetary policy has contributed to the country’s resilience during challenging economic times. His prudent decision-making and effective communication have earned him accolades for his performance as a central bank governor.
3. Abdellatif Jouahri – Governor of the Central Bank of Morocco (A-)
Abdellatif Jouahri has been serving as the Governor of the Central Bank of Morocco since 2003. During his tenure, Jouahri has implemented sound monetary policies that have fostered macroeconomic stability and supported economic development in Morocco. His efforts in maintaining price stability, managing inflation, and promoting financial inclusion have been widely acknowledged. Jouahri’s long-standing experience and expertise make him a highly regarded central bank governor in the region.
4. John Rwangombwa – Governor, National Bank of Rwanda (B+)
John Rwangombwa is the Governor of the National Bank of Rwanda. His leadership has played a significant role in maintaining financial stability and promoting economic growth in Rwanda. Rwangombwa has implemented prudent monetary policies and has been instrumental in developing the country’s financial sector. His emphasis on financial inclusion and effective regulation has contributed to Rwanda’s economic resilience, earning him recognition as an effective central bank governor.
5. Jose De Lima Massano – Governor Banco Nacional de Angola (B)
Jose De Lima Massano serves as the Governor of Banco Nacional de Angola. During his tenure, he has focused on implementing monetary policies to stabilize Angola’s economy and combat inflationary pressures. Massano has been involved in initiatives to enhance financial transparency and improve the banking sector’s regulatory framework. His efforts have helped to strengthen Angola’s financial system, but further improvements are still needed to solidify his position as one of the best-performing central bank governors.
6. Abbas Mahamat Tolli – Governor of the Bank of Central African States (B)
Abbas Mahamat Tolli is the Governor of the Bank of Central African States. He has been actively involved in promoting monetary stability within the Central African region. Tolli’s efforts have aimed to harmonize monetary policies and strengthen cooperation among member states. While facing challenges such as economic volatility and limited resources, Tolli’s dedication to fostering financial stability is commendable, although further reforms and improvements are required.
7. Moses Pelaelo – Governor of the Bank of Botswana (B)
Moses Pelaelo serves as the Governor of the Bank of Botswana. Under his leadership, the central bank has maintained a prudent monetary policy framework that has contributed to Botswana’s economic stability. Pelaelo’s commitment to ensuring price stability and managing inflation has been vital in promoting sustainable economic growth in the country. Although facing challenges such as a reliance on diamond exports, Pelaelo’s performance as a central bank governor has been generally recognized.
8. Patrick Njoroge – Governor of the Central Bank of Kenya (B)
Patrick Njoroge has been the Governor of the Central Bank of Kenya since 2015. During his tenure, he has demonstrated strong leadership in steering Kenya’s monetary policy and financial stability. Njoroge has implemented measures to enhance transparency, strengthen banking regulations, and promote financial inclusion. His efforts have contributed to the country’s economic resilience and positioned him as one of the notable central bank governors in the region.
9. Buah Saidy – Governor of the Central Bank of The Gambia (B-)
Buah Saidy serves as the Governor of the Central Bank of The Gambia. While facing challenges such as limited resources and economic volatility, Saidy has made efforts to stabilize the Gambian economy through prudent monetary policies. His focus on strengthening the banking sector and promoting financial inclusion is notable. However, further improvements are needed to solidify his position as one of the best-performing central bank governors.
10. Ernest Addison – Governor of the Bank of Ghana (B-)
Ernest Addison has been the Governor of the Bank of Ghana since 2017. He has implemented measures to stabilize Ghana’s economy, manage inflation, and promote financial sector resilience. Addison’s initiatives, such as the financial sector cleanup and the introduction of digital payment systems, have been commendable. However, challenges in the banking sector and the need for sustained economic growth pose ongoing tests for Addison’s performance as a central bank governor.
Source link : https://africa.businessinsider.com/local/leaders/15-best-performing-central-bank-governors-in-africa/4rwfyxh
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Publish date : 2023-05-24 07:00:00
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