Appointments Nana Addo names Addison as BoG governor

Dr Ernest Addison is the new governor of the Bank of Ghana

  • Published:
Dr Ernest Addison is new governor of the Bank of Ghana play

Dr Ernest Addison is new governor of the Bank of Ghana

24/7 Live - Subscribe to the Pulse Newsletter!

President Nana Addo Dankwa Akufo-Addo has appointed Dr Ernest Addison as the new governor of the Bank of Ghana.

The appointment follows the resignation of Dr Abdul-Nashiru Issahaku.

A statement from the presidency signed by Director of Communications Eugene Arhin said: "In order not to have a vacuum at the top of such an important state institution, the president, in accordance with Article 183 (4) (a) of the constitution, has appointed Dr Ernest Kwamina Yedu Addison as Governor of the Bank of Ghana, subject to consultation with the Council of State."

READ MORE: Bank of Ghana reduces policy rate to 23.5%

Dr Addison will officially take over on April 1, 2017.

He once served as the Director of Research at the Bank of Ghana during the tenure of Kwesi Amissah-Arthur as governor. He was at the central bank from 2003-2011.

After leaving the central bank, he joined the African Development Bank (AfDB) in May 2011.

play Resigned BoG governor-Abdul Nashiru Issahaku


Dr Addison was also a Chief Economist with the West African Monetary Institute from 2000-2003.

READ ALSO: Central Bank calls for reforms in currency management

He got his Doctor of Philosophy (Ph.D.), Economics, from 1989-1993 at McGill University.

He did his Master of Philosophy (M.Phil.), Economics at Cambridge University from 1987-1989.

He attended the University of Ghana for his Bachelor of Arts (B.A.), Economics between 1982 and 1986.

Dr Issahaku quits

Dr Issahaku announcing his resignation said he decided to quit for personal reasons.

"They did not force me out. It was a personal decision," he said.

READ MORE: Dr Abdul Issahaku: BoG governor resigns

He succeeded Dr Henry Wampah in April 2016 when he was appointed by former President John Mahama.

Before his appointment as the governor, Dr Issahaku had been the second deputy governor of the central bank since July 2013.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Importing Frozen Chicken Government ‘bans’ importation of frozen chickenbullet
2 Banking In Ghana 705,000 depositors to lose GHC740m – BoG Governorbullet
3 Defamation Suit Ibrahim Mahama sues Owusu Bempah, UTV for GHc2m over...bullet
4 World Water Day Ghana to soon import waterbullet
5 Unibank Takeover Kofi Amoabeng says takeover of uniBank is...bullet
6 Dumsor Shut down my machines and ‘dumsor’ will be back – Mahamabullet
7 Ponzi Scheme Thousands of Ghanaians lose millions to Savana...bullet
8 BOG Unibank drops arbitration plans over BoG takeoverbullet
9 Taxes In Ghana VAT on condoms and 63 other commodities...bullet
10 Housing In Ghana Overview of State of Housing in Accra...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Plane Crash Starbow suspends operations following plane crashbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
7 MTN Mobile Money Adbullet
8 Support Finance minister buys Kantanka carbullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet