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Yaw Osafo Maafo Senior Minister

Yaw Osafo-Maafo is 75 years old, and has had an exemplary career as a banker, consultant, politician and a statesman.


He is a graduate of the Kwame Nkrumah University of Science and Technology, an Engineer and Project Analyst by training, and a fellow of the Ghana Institute of Engineers. He started his career as an engineer at the Volta Aluminium Company (VALCO).


He went on to head and successfully restructure two major development banks – The Bank for Housing and Construction and The National Investment Bank.


He has also worked as a consultant for international development organisations such as the World Bank, African Development Bank (ADB), United Nations Development Programme (UNDP) amongst others.


Yaw Osafo-Maafo was a Member of Parliament for Akyem Oda Constituency for 3 terms and the Minister of Finance and Economic Planning for 4 years from 2001-2005, a period which saw the dramatic turnaround of the Ghanaian economy.


His achievements were recognised internationally in 2001 when he was adjudged the best Finance Minister of the year in Africa by the Banker Magazine, a Financial Times Publication.


Along with the Finance Minister of Canada, he was also named the Finance Minister of the Year in November 2001 by the World Economic Forum in Davos.
He served as Minister for Education and Sports from 2005 to 2006, a period which saw the implementation of significant reforms in education and sports sectors, including the introduction of the Capitation Grant.


Ghana for the first time qualified for the World Cup following the reforms under his leadership.


Osafo-Maafo has served on the boards of various financial institutions and corporate bodies, and was the past Vice-President of the Executive Committee of the West African Bankers Association.


He was a founding Deputy Chairman of the Ghana Stock Exchange, and was instrumental in setting up Donewell Insurance Company and the Methodist University College Ghana.


He also represented the Institute of Engineers at the Consultative Assembly that drew up the 1992 Constitution of the Republic of Ghana.


He is married with four Children.