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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Ghanaian Economist, Bernard Mensah, gets top job at Bank of America

August 30, 2020
in Banking And Finance, Top Stories
Bernard Mensah

Bernard Mensah

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Ghanaian-born Economist, Bernard Mensah, has been appointed President of International for Bank of America, and is also a member of the company’s executive management team.

He is also Chief Executive Officer of Merrill Lynch International (MLI), Bank of America’s largest international subsidiary; head of the BANA London branch; and a member of Bank of America’s Management Committee.

Bernard Mensah was on the high table in July when the USA Secretary of State Mike Pompeo concluded discussions mostly centered on post-Covid economy effort.

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Also in the meeting was the UK Minister Dominic Raab and other high ranking officials of the UK and the US governments.

The discussion also centered on secure 5G telecommunications, and continuing negotiations on a US-UK free trade agreement. Until his new appointment, Bernard, who is the younger brother of President of the Ghana Rugby Association, Herbert Mensah, was President of Europe, the Middle East and Africa (EMEA) and co-head of Global Fixed Income, Currencies and Commodities (FICC) Trading at Bank of America.

His new role as President of international for bank of America makes him responsible for the execution and development of the bank’s strategy, business activities and support functions internationally.

These span corporate, commercial and investment banking, treasury services and sales and trading.

He is also responsible for ensuring the effective delivery of the broad Bank of America franchise to its corporate and institutional clients around the world. Mensah chairs the firm’s regional executive committee and is a member of the Global Banking and Markets Management Committee.

He has more than 20 years of global trading and investing experience, serves on the UK’s Financial Conduct Authority’s Markets Practitioner Panel, and was recently asked by the Bank of England to join the senior advisory group overseeing LIBOR transition in the UK. He joined the firm in 2010 from Goldman Sachs in London, where he was a partner and global head of Bank Loan and Distressed Trading.

Prior to that, he ran the company’s Asia Credit and Convertibles business, based in Hong Kong and Tokyo.

Mensah received his BA in social sciences at the Joint School of Philosophy and Economics at the University of Bristol.

He is a qualified chartered accountant, and became a member of the Institute of Chartered Accountants England and Wales.

He chairs the West Africa Advisory Board of Prince’s Trust International, and is a member of the board of the Kofi Annan Foundation, a not-for-profit organisation that promotes better global governance to achieve a fairer, and more peaceful world.

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