Clare Lombardelli, Deputy Governor for Monetary Policy at the Bank of England, has underscored the importance of technical cooperation between the Bank of England and the Bank of Ghana, describing it as “a strategic partnership that we greatly value.”
Addressing central bank governors and senior officials from across Africa at the Pan-African Central Bank Governors’ Conference in Accra, Ms Lombardelli said the collaboration has allowed both institutions to “share knowledge and expertise on various topics,” strengthening ties at a time when global financial challenges are increasingly complex.
She highlighted the commitment of the Bank of England to engage more widely with central banks and financial regulators in the Global South, “either through our UK Foreign, Commonwealth Development Office (FCDO) funded programme, or the wider suite of workshops and events delivered by the Centre for Central Banking Studies at the Bank of England.”
“Nothing beats strengthening the bonds between central banks at a time when there are such global challenges. Those challenges are easier to respond to if we Governors and our teams have invested in building those cross-border connections,” she said.
The conference, co-hosted by the Bank of Ghana, builds on years of regional workshops conducted by both institutions and is designed to increase “collaboration, cooperation and peer-to-peer learning among African Central Bank Governors and Deputy Governors,” Ms Lombardelli explained.
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She said discussions during the two-day event would explore key aspects of central banking, including “dimensions of independence and accountability – for instance: institutional, policy, financial and personal; longer term advantages of central bank independence; models of accountability; as well as challenges to these.”
The conference brings together leaders from central banks across Africa, along with representatives from international institutions, providing a platform to exchange practical lessons, build resilience, and strengthen credibility with stakeholders. “Over the next two days, we have a unique opportunity to engage in open dialogue, to learn from one another, and to forge stronger partnerships that will benefit our institutions and the communities we serve,” Ms Lombardelli said.
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She concluded by acknowledging the organising teams, saying: “Your commitment to this conference is a testament to the importance of collaboration and shared learning.”
Source: Starrfm.com.gh
