The newly reconstituted Financial Stability Advisory Council (FSC) has held its maiden meeting, reaffirming its commitment to safeguarding Ghana’s financial system amid ongoing sector recovery efforts. The meeting, which took place on June 9, also marked the 22nd session of the FSC since its establishment in 2018. The Council was reconstituted by an Executive Instrument in accordance with Article 58 of the Constitution. Chaired by the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, the Council includes key financial sector leaders: Mrs. Matilda Asante-Asiedu, Deputy Governor of the BoG (Financial Stability); Hon. Thomas Nyarko Ampem, Deputy Minister of Finance (Financial Sector); Dr. Abiba Zakariah, Acting Commissioner, National Insurance Commission; Dr. James Klutse Avedzi, Acting Director-General, Securities and Exchange Commission; Mr. Christopher Boadi-Mensah, CEO of the National Pensions Regulatory Authority; and Mr. Galahad Alex Andoh, Acting CEO of the Ghana Deposit Protection Corporation. During the session, the Council discussed key issues aimed at strengthening Ghana’s financial sector, including: Progress made in rebuilding capital buffers critical to sustaining recovery; Updates on initiatives addressing legacy challenges within the sector; and Strategic plans to bolster the FSC’s oversight and collaborative functions. The Council underscored the need for enhanced institutional coordination and proactive regulation to promote a resilient, inclusive, and stable financial system capable of supporting long-term economic growth. Dr. Asiama highlighted the importance of a sound and innovative financial sector that effectively supports the real economy. The FSC was established to coordinate regulatory activities, identify systemic risks, and strengthen crisis preparedness. It is supported by a Technical Committee and three working groups dedicated to its core mandates.