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Yaw Osafo-Marfo Biography

Yaw Osafo-Marfo is a Ghanaian banker, consultant and politician belonging to the New Patriotic Party where he served as the Senior presidential advisor under Akuffo Addo’s Administration. He is also a former member of parliament for Akim Oda 

Osafo-Marfo was born in 1942 in Akyem Awisa. He studied at Akyem Awisa Presbyterian School and continued to Achimota School for his secondary education. From there, he went to Kwame Nkrumah University of Science and Technology to study Mechanical Engineering.


Osafo-Marfo served as the vice president of the National Union of Ghana Students (NUGS) whiles in Kwame Nkrumah University of Science and Technology.

After University, he joined Volta Aluminium Company (VALCO) as an engineer and gradually moved up the ranks to become the CEO. He was instrumental in the restructuring of the Bank for Housing and Construction and the National Investment Bank between 1979 and 1992.


He has also worked as a consultant to the World Bank, the African Development Bank and the United Nations Development Programme. Osafo-Marfo is the former Vice-Oresident of the Executive committee of the West African Bankers Association. He is also a founding Deputy Chairman of the Ghana Stock Exchange.

Yaw Osafo-Marfo has served as Chairman and a board member on a number of corporations. They include National Trust Holding Company, Nestle Ghana Limited, National Development Planning Commission, Merchant Bank Ghana, 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.


Osafo-Marfo is a former member of parliament for Akim Oda Constituency where he served for three terms. He served as Minister of Finance from February 2001 under President Kufuor and later Minister of Finance and Economic Planning.

He was named Finance Minister of the year by the World Economic Forum in November 2001 and Finance Minister of the year by Banker Magazine for the same year. Osafo-Marfo was appointed as the Minister of Sports and Education between 2005 and 2006.


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