Ghana’s President Akufo-Addo has appointed a new boss of the country’s central bank, replacing the previous governor, Dr. Abdul Nshiru Issahaku who resigned on Thursday.
Dr. Ernest Kwamina Yedu Addison will now take over as the new Governor of the Bank of Ghana. A statement from the presidency said the “In order not to have a vacuum at the top of such an important state institution, the President, appointed Dr. Ernest Kwamina Yedu Addison as Governor of the Bank of Ghana, subject to consultation with the Council of State.”
Dr. Addison was until his appointment, the Lead Regional Economist of the African Development Bank, at its Southern African Resource Centre.
From 2003 to 2011, he served as the Director of Research at the Bank of Ghana and was the Chief Economist of the West African Monetary Institute from 2001 to 2002.
Dr. Addison, an Economics graduate of the University of Ghana, Legon, holds an M.Phil in Economics and Politics from the University of Cambridge, England.
He also holds a PhD in Economics from McGill University, Canada.
Local media Citi FM reported that the Minister of Monitoring and Evaluation, Dr. Anthony Akoto Osei, said “Dr. Addison would have to come and examine the current monetary policy situation, and having been a director of research, I’m sure he can tell what new directions they might be taking but he is capable of doing that.”
Source: Africafeeds.com
