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The long road to the Bank of Ghana, 1825-1966.

The talk is based on the research work that formed part of a PhD thesis on the origins of the central bank in Ghana. The broader work analyses the events from 1825, the year when the ‘Trade Ounce,” a trade unit associated with the Atlantic slave trade, ceased to be widely used in the Gold Coast and other parts of West Africa, to 1966, by which time a central bank had been established and was operating in Ghana. The talk will cover the concept of central banking promoted in the British colonies by the Bank of England, against external advice from the likes of John Maynard Keynes on India, Thomas Balogh on Ghana, and Richard S. Sayers more widely. The talk will also highlight the internal guidance at the Bank of England given by Otto Niemeyer who had been involved in the establishment of central banks in several countries including Australia, New Zealand, and Egypt. The presentation draws on a wide range of primary sources, including internal Bank of England and Bank of Ghana documents and material held at the Balme Library (University of Ghana) and the national archives in Britain and Ghana. It also draws on several collections of private papers including those of Balogh, Andrew Brimmer, Arthur Lewis, Oliver Sprague, and Paul Warburg.

• Speaker: Kofi Adjepong-Boateng CBE (University of Cambridge)
• Monday 19 February 2024, 17:00-18:30
• Venue: One Newnham Terrace, Darwin College and Zoom.
• Series: Financial History Seminar; organiser: Dr Duncan Needham.

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