A Ghanaian, Mr. Charles O. Boamah, has been appointed as a Vice President of the African Development Bank Group, a statement issued in Accra on Tuesday said.
It said as a member of the senior management team, Mr. Boamah had the primary responsibility for providing the financial leadership necessary for the accomplishment of the strategic objectives of the African Development Bank Group (the AfDB Group).
“Specifically, in his role as Vice President of Finance, Mr. Boamah has oversight responsibility for all the financial management matters of the AfDB Group, including treasury activities, financial risk management, financial accounting and reporting, monitoring of the effectiveness of the internal control framework, loan administration and related fiduciary responsibilities, including disbursements of funds to the projects and programs throughout Africa financed by the ADB Group,” it said.
Mr. Boamah joined the AfDB in 1996 and his immediate past role at the AfDB Group was Director and Controller.
Prior to joining the AfDB, Boamah worked for 11 years with First Interstate Bank (merged with Wells Fargo Bank), starting as a Senior Financial Analyst and subsequently serving as Vice President and Manager of Accounting Policy and Research.
Prior to First Interstate Bank, Mr. Boamah worked for over five years with PricewaterhouseCoopers (then Coopers & Lybrand) in Accra and Los Angeles, where he started as a staff accountant and was promoted to a supervisor.
Mr. Boamah's clients included companies in the insurance, mortgage banking, retail, entertainment and manufacturing industries as well as city and county administrations.
Mr. Boamah earned a first-class honors degree in Business Administration from the University of Ghana. He also holds an MBA in Finance from the University of California in Los Angeles (UCLA).
Mr. Boamah is married with two children.