Mahamudu Bawumia
Encyclopedia
Dr. Mahamudu Bawumia was a Deputy Governor of the Bank of Ghana
until his nomination as Vice Presidential candidate for the New Patriotic Party
(NPP) alongside Presidential candidate Nana Akufo-Addo. Shortly after the election Bawumia resigned as Deputy Governor at the Bank of Ghana.
in Canada
, Dr. Bawumia worked for the International Monetary Fund
from 1994 to 1996 when he left for a teaching position with the Hankamer School of Business at Baylor University
in Texa
s, USA. After leaving Baylor University in 2000, Bawumia started his career at the Bank of Ghana
as a Senior Economist. Between 2000 and his eventual resignation, Bawmuia also held the position of Head of Monetary Policy and Financial Stability, Special Assistant to the Governor, Capital Market Committee Chairman, Monetary Policy Committee Member, and Deputy Governor.
Bank of Ghana
The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. Its name is abbreviated to BOG.-Brief Historical Background:...
until his nomination as Vice Presidential candidate for the New Patriotic Party
New Patriotic Party
-External links:*...
(NPP) alongside Presidential candidate Nana Akufo-Addo. Shortly after the election Bawumia resigned as Deputy Governor at the Bank of Ghana.
Education
Bawumia graduated from Tamale Secondary School in 1982. He received a Chartered Institute of Bankers Diploma (A.C.I.B) in the United Kingdom with distinctions in Monetary Economics, Accountancy, Law and Banking Principles from Emile Woolf College of Accountancy, London, England in 1984. Bawumia spent his undergraduate years at University of Buckingham, UK and graduated with B.Sc. Economics (First Class Hons.) He received his Masters Economics from Oxford University in 1988 and PhD with Specialisation in Macroeconomics, International Economics, and Monetary Economics from Simon Fraser University, Burnaby, British Columbia., Canada in 1995Work experience
After graduating from Simon Fraser UniversitySimon Fraser University
Simon Fraser University is a Canadian public research university in British Columbia with its main campus on Burnaby Mountain in Burnaby, and satellite campuses in Vancouver and Surrey. The main campus in Burnaby, located from downtown Vancouver, was established in 1965 and has more than 34,000...
in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, Dr. Bawumia worked for the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
from 1994 to 1996 when he left for a teaching position with the Hankamer School of Business at Baylor University
Baylor University
Baylor University is a private, Christian university located in Waco, Texas. Founded in 1845, Baylor is accredited by the Southern Association of Colleges and Schools.-History:...
in Texa
Texa
Texa is a small island directly south of Islay, in the Inner Hebrides, Scotland. It reaches a height of at its highest point, Ceann Garbh. It is part of the parish of Kildalton on Islay. The distilleries of Laphroaig and Lagavulin are nearby on the Islay coast, as well as Port Ellen...
s, USA. After leaving Baylor University in 2000, Bawumia started his career at the Bank of Ghana
Bank of Ghana
The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. Its name is abbreviated to BOG.-Brief Historical Background:...
as a Senior Economist. Between 2000 and his eventual resignation, Bawmuia also held the position of Head of Monetary Policy and Financial Stability, Special Assistant to the Governor, Capital Market Committee Chairman, Monetary Policy Committee Member, and Deputy Governor.
Selected works
- “The Determination of Bank Interest Spreads in Ghana: An Empirical Analysis of Panel Data” with Martin Ofori and Franklin Belnye, September 2005.
- “Developing a Composite Indicator of Economic Activity in Ghana”, with Benjamin Amoah, Bank of Ghana Working Paper, February 2004.
- “A Simple Vector Error Correction Forecasting Model for Ghana”, with Joseph Atta-Mensah, Bank of Ghana Working Paper, August 2003.
- “Monetary Growth, Inflation and Exchange Rate Policy in Ghana" Research Department, Bank of Ghana, Journal of the West African Monetary Institute, 2003
- “The Transmission Mechanism for Monetary Policy in Ghana”, with Philip Abradu-Otoo, Bank of Ghana Policy Paper , August 2003.
- “The Determinants of Exchange Rates in Ghana”, with Zakari Mumuni. Bank of Ghana Working Paper. March, 2003.
- “The Feasibility of Monetary Union in West Africa”. Mimeo. Economic Commission for Africa, November 2002.
- “Comparative Institutional Features of Different Common Central Banks”, West African Monetary Institute. Mimeo. February, 2002.
- “Designing an Exchange Rate Mechanism for the West African Monetary Zone”, West African Monetary Institute. Mimeo. February 2002.
- “Explaining African Economic Growth Performance: The Case of Ghana”, with Ernest Aryeetey and A. Fosu. Paper prepared for the African Economic Research Consortium. April 2001.
- "Assessing the effectiveness of Intervention on the Foreign Exchange Market in Ghana". Research Department, Bank of Ghana, February 2000.
- "A Review of the Literature of the Impact of Financial Sector Liberalisation on the Poor", with Dr E.K.Y. Addison and Maxwell Opoku Afari, Research Department, Bank of Ghana, August 2000.
- "Financial Markets in Africa. Issues and Challenges for Research," with Professor Ernest Aryeetey, ISSER. October 2000 AERC .
- “Currency Substitution and Money Demand in Ghana: A Cointegration Analysis”. Research Department, Bank of Ghana, November 2000.
- "Why the Apparent Rush to Market Reform"? Journal of Economics, 1999.
- "The Sequencing of Fiscal Reform during Structural Adjustment. Lessons from Ghana, Uganda, and Zimbabwe", Comparative Economic Studies, Vol. XXXVIII No.2/3 Summer-Fall 1996
- “A Closer Look at The Distributional Impact of Ghana’s Structural Adjustment Program (1983-1992). Journal of Modern African Studies. Vol.36 No.1, March 1998
- “Estimating the Aggregate Values of Human Capital in Sub- Saharan Africa”, co-authored with Samuel A.Laryea. Review of Human Factor Studies. Vol. III No.1. June 1997
- "Africa, the Challenge of Development". Book Chapter in Stephen. Gardner's Comparative Economic Systems, Dryden 1999
Scholarships and awards
- 2007 — Fellow of the Chartered Institute of Bankers (FCIB).
- 2000 — Who Is Who Among America’s Teachers? - Baylor University.
- 1999 — Young Researcher Award: Baylor University, Texas, USA.
- 1995–1999 — President’s Research Fellowship: Ph.D. Simon Fraser University.
- 1991–1995 — 4 Graduate Fellowships: Ph.D. Simon Fraser University, Canada
- 1986 Sir Alan Peacock Prize. Best Economics Student, Department of Economics, University of Bucki