Charles O. Boamah

Director

Charles O. Boamah

Charles Boamah is a globally respected Finance executive with over 35 years of successively challenging leadership experiences in and outside of Africa, recently retiring after 23 years of service to the Africa Development Bank (the AfDB). Before assuming his final role as Senior Vice President, Charles served as Vice President and Chief Financial Officer and as acting First Vice President and Chief Operating Officer of the AfDB, dedicating extensive first-hand understanding and knowledge of the finances, operations, and administration of the bank and the development space.

Charles led or championed several major change initiatives at the bank, including reorganizations, re-engineering of business process for greater efficiency and increased decentralization of the bank’s activities. He actively participated in the last three general capital increases of the AfDB, playing a leadership role in the most recent that was approved in October 2019. Charles also actively participated in or led seven African Development Fund replenishment cycles, serving under three Presidents of the Bank.

Education/Qualifications:

  • Certified Public Accountant, State of California, 1984
  • University of California, Los Angeles, MBA in Finance, 1980 – 1982
  • University of Ghana, Legon, Bachelor of Science in Administration (First
  • Class Honors), Finance & Accounting, 1975 – 1978

Employment Record (in reverse chronological order):

African Development Bank (1996 to 2020)

  • Senior Vice President, 2017-2020
  • Vice- President and CFO, 2011-2017
  • Senior Director & Controller, 2002-2011

Prior to joining the African Develop, Charles worked for First Interstate Bancorp (and after the merger Wells Fargo Bank) in California for a total of 12 years. Charles started his professional career with Coopers & Lybrand (now PriceWaterhouseCoopers or PWC) first in Accra, Ghana and later in Los Angeles, California.

Charles currently serves on the Board of Directors of Africa50, a continental infrastructure development finance entity and also on the International Governing Board of the African Institute for Mathematical Sciences (AIMS). Charles is also a member of the Transformation Leadership Panel (TLP), a continental policy and advocacy body.

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