Former Rector of the Ghana Institute of Management and Public Administration (GIMPA), Prof Stephen Adei, has formally resigned from his position on the advisory board of the Ministry of Finance.

Citing personal motivations for his decision, Prof Adei underlined the significance of harmonization and cooperation between the Ministry of Finance and the Bank of Ghana (BoG) in order to establish a coherent approach to economic policies.

Prof Adei reflected on his eight-year tenure on the advisory board, which spanned both the National Democratic Congress (NDC) regime and the initial term of President Akufo-Addo.

He recounted a specific incident involving the former governor of the BoG, who asserted the central bank's autonomy during a board discussion.

In response, the board emphasized the importance of alignment between the two institutions while respecting their respective independences.

The advisory board, established under the Civil Service Act, plays a pivotal role in fostering communication between the Ministry of Finance and its stakeholders.

Its primary purpose is to provide insights into policy development and operational strategies, contributing to well-informed decision-making. Chaired by Finance Minister Ken Ofori-Atta, the board comprises accomplished members with diverse areas of expertise.

Prof Adei's resignation highlights the intricate dynamics of collaboration and policy coordination among different branches of the Ghanaian government's administrative framework.