He is an economist and banker by training. He served as Deputy Governor of the central Bank of Ghana between 2006 and 2009. Between 2009 and 2010 he was a visiting scholar at the Center for the Study of African Economies, Oxford University. He also served as Resident representative for the African Development Bank in Zimbabwe in 2011-2012.
He was a visiting scholar at the University of British Columbia (Canada), and a Senior Associate Member of St. Antonys College, University of Oxford. Between 2013 and 2015 Dr. Bawumia was visiting professor of Economic Governance at Central University, Ghana. Dr. Bawumia also served as an Assistant Professor of Economics at Hankamer School of Business, Baylor University, Texas, USA (1996- 2000).
Dr. Mahamudu Bawumia holds a BSc. Economics (First Class Honours) degree from the University of Buckingham, UK, a Masters degree in Development Economics from Oxford University (Lincoln College) and a PhD in Economics from Simon Fraser University (Canada). He is an Associate of the Chartered Institute of Bankers (U.K) (ACIB) and a Fellow of the Chartered Institute of Bankers (FCIB), Ghana.
Dr, Bawumia has published several articles in refereed journals and has also published two books on Monetary Policy and Economic Development.”