Ghana’s Central Bank governor resigns
The Governor of the Bank of Ghana, Abdul Nashiru Issahaku, has resigned from his post three years to the end of his tenure.
He told Joy Business George Wiafe that he was leaving the top job based on “personal reasons”.
The Governor also explains that the decision to step down is the outcome of an agreement reached with the current government earlier this month.
Dr Issahaku’s job came under scrutiny following the victory of the New Patriotic Party (NPP) at the Presidential elections last year.
Opinions were divided over whether the new Nana Akufo-Addo-led administration should replace him or he should be allowed to serve the remainder of his four-year term.
Dr Issahaku was appointed by former President John Mahama last year following a similar voluntary resignation of Dr. Henry Kofi Wampah as Governor of the Bank of Ghana.
“Our sources say a former Head of Research at the Bank of Ghana, Dr Ernerst Addison, is expected to take over as the new Governor after April 1, when Dr Issahaku’s resignation takes effect,” reports George Wiafe.
Dr Addison left the Bank of Ghana in 2012 as Head of Research to the African Development Bank (AfDB).
He was Director of Research at the central bank from 2002 to 2012.