Dr. Mahamaudu Bawumia has been sworn into office as the Vice President of the Fourth Republic of Ghana by the Chief Justice, Her Ladyship, Theodora Georgina Wood.
Dr. Mahamaudu Bawumia took the Oth of Office for the Vice President before the seventh Parliament of the fourth Republic.
Dr. Mahamudu Bawumia taking the Oath said: ‘’I.Dr. Mahamamudu Bawumia having been elected to the office of Vice-President of the Republic of Ghana, do (in the name of the Almighty God swear) (solemnly affirm) that I will be faithful and true to the Republic of Ghana; that I will at all times preserve, protect and defend the Constitution of the Republic of Ghana; and that I dedicate myself to the service and well-being of the people of the Republic of Ghana and to do right to all manner of persons. I further (solemnly swear) (solemnly affirm) that should I at any time break this oath of office I shall submit myself to the laws of the Republic of Ghana and suffer the penalty for it. (So help me God).’’
Dr. Mahamudu Bawumia who was endorsed by the National Executive Committee of the New Patriotic Party as the running mate of the flag bearer, Nana Addo Dankwa Akufo-Addo. Dr Bawumia, who was born on October 7, 1963, has been a Deputy Governor of the Bank of Ghana since June 2006. He is also Chairman, Capital Market Committee- Ghana Other details are: 2001-2006 Head, Monetary Policy and Financial Stability Department, Bank of Ghana/ Special Assistant to the Governor 2000-2001 Senior Economist and Head of Economic Analysis, Bank of Ghana Research Department 1996-2000 Assistant Professor of Economics, Hankamer School of Business, Baylor University, Texas, USA 1994- Economist, International Monetary Fund, Washington D.C. Research Department. 1988-1990 Lecturer in Monetary Economics, International Finance. Emile Woolf College of Accountancy, London, England. EDUCATION 1991 - 1995 Ph.D. in Economics Simon Fraser University, Burnaby, British Columbia., Canada Specialization: Macroeconomics, International Economics, and Monetary Economics 1987- 1988 M.Sc. in Economics University of Oxford, UK (Lincoln College) 1984-1986 B.Sc. Economics (First Class Hons.) University of Buckingham, UK 1982-1984 Chartered Institute of Bankers Diploma (A.C.I.B) -U.K With distinctions in Monetary Economics, Accountancy, Law and Banking Principles. Emile Woolf College of Accountancy, London, England 1975-82 GCE O and A Levels- Tamale Secondary School SCHOLARSHIPS AND AWARDS 2007 Fellow, Chartered Institute of Bankers, Ghana 1999 Young Researcher Award: Baylor University, Texas, USA 1995.5 -1999.9 President's Research Fellowship: Ph.D. Simon Fraser University, 1986 Sir Alan Peacock Prize. Best Economics Student, Department of Economics, University of Buckingham, UK. PUBLICATIONS "The Determination of Bank Interest Spreads in Ghana: An Empirical Analysis of Panel Data" with Martin Ofori and Franklin Belnye, September, 2005. "Developing a Composite Indicator of Economic Activity in Ghana", with Benjamin Amoah, Bank of Ghana Working Paper, February, 2004 "A simple Vector Error correction Forecasting Model for Ghana", with Joseph Atta-Mensah, Bank of Ghana Working Paper August 2003 "Monetary Growth, Inflation and Exchange Rate Policy in Ghana" Research Department, Bank of Ghana, Journal of the West African Monetary Institute, 2003. "The Transmission mechanism for Monetary Policy in Ghana" with Philip Abradu-Otoo, Bank of Ghana Policy Paper , August, 2003 "The Determinants of Exchange Rates in Ghana", with Zakari Mumuni. Bank of Ghana Working Paper. March, 2003 "The Feasibility of Monetary Union in West Africa". Mimeo. Economic Commision for Africa. November 2002. "Comparative Institutional Features of Different Common Central Banks" West African Monetary Institute. Mimeo. February, 2002. "Designing an Exhange Rate Mechanism for the West African Monetary Zone". West African Monetary Institute. Mimeo. February, 2002. "Explaining African Economic Growth Performance: The case of Ghana" with Ernest Aryeetey and A. Fosu. Paper prepared for the African Economic Research Consortium. April 2001. "Assessing the effectiveness of Intervention on the Foreign Exchange Market in Ghana". Research Department, Bank of Ghana, February 2000. "A Review of the Literature of the Impact of Financial Sector Liberalization on the Poor" with Dr. E.K.Y. Addison and Maxwell Opoku Afari, Research Department, Bank of Ghana, August, 2000. "Financial Markets in Africa. Issues and Challenges for Research." With Professor Ernest Aryeetey, ISSER. October, 2000AERC "Currency Substitution and Money Demand in Ghana: A Cointegration Analysis". Research Department, Bank of Ghana, November, 2000. " Why the Apparent Rush to Market Reform"? Journal of Economics, 1999. " The Sequencing of Fiscal Reform during Structural Adjustment. Lessons from Ghana, Uganda, and Zimbabwe". Comparative Economic Studies, Vol. XXXVIII No.2/3 Summer-Fall 1996 "A Closer Look at The Distributional Impact of Ghana's Structural Adjustment Program (1983-1992). Journal of Modern African Studies. Vol.36 No.1, March 1998. "Estimating the Aggregate Values of Human Capital in Sub- Saharan Africa", co-authored with Samuel A.Laryea. Review of Human Factor Studies. Vol. III No.1. June 1997 "Africa, the Challenge of Development". Book Chapter in Stephen. Gardner's Comparative Economic Systems, Dryden, 1999.