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Yaw Osafo-Maafo

Former Minister of Finance, Ghana

Yaw Osafo-Maafo was Minister of Finance in Ghana from 2001 to 2005. Between 2005 and 2006 Hon. Osafo-Maafo was Minister of Education and Sports, where he commenced the implementation of major education sector reforms aimed at improving the quality of basic, secondary and tertiary education. He implemented the new free basic education referred to as the Capitation Grant. An engineer and a project analyst by training, he established his credentials as a banking and finance leader by heading and successfully restructuring two major Ghanaian banks, the Bank for Housing and Construction and the National Investment Bank between 1979 and 1992. He has been a Consultant to the World Bank, the African Development Bank and the United Nations Development Programme. Hon. Osafo-Maafo is the past Vice-President of the Executive Committee of the West African Bankers Association, and a founding Deputy Chairman of the Ghana Stock Exchange. He has served as Chairman and a board member on a number of corporations including Nestle Ghana Limited, National Trust Holding Company, Merchant Bank Ghana Limited, National Development Planning Commission, Divestiture Implementation Committee and Donewell Insurance. He is a fellow of the Ghana Institution of Engineers and an Honorary Fellow of the Ghana Institute of Architects.

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