Bank of Ghana BoG governor to retire end of March

He is reported to have informed President John Mahama about his decision so as to allow his successor more time to settle in before the November polls.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Bank of Ghana governor Dr. Henry Kofi Wampah will retire March ending, Reuters reported on Tueday.

He is reported to have informed President John Mahama about his decision so as to allow his successor more time to settle in before the November polls.

Pressure has been mounting on Wampah to resign following the arrest of his son-in-law, David McDermott, over his alleged involvement in drug trade.

David McDermott has been married to Dr. Wampah's step-daughter, Ramona Wampah for three years, but was arrested in Ghana at his home in Burma Hills on March 11, 2016.

At a meeting to announce the new Monetary Policy Rate on March 21, Wampah refused to resign over his son-in-law.

"My son in law is my son in law; it has nothing to do with me being Governor of the Central Bank. I have made a statement on that and that should be enough for you. My term will end this year and I will let you know when am going so thank you,” he told a news conference.

Wampah's term officially ends on August 5.

President Mahama in his State of the Nation address blamed the central bank for the microfinance crisis which monies of depositors were fraudulently used.

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: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Fiscal Policy Ghana's total debt hits $145 billionbullet
2 Microfinance Akufo-Addo speaks on DKM microfinance scandalbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Mobile Money Interoperability Numerous mobile money agents to lose...bullet
5 Duplication Cancel $89m contract with Haitian firm - Imani to...bullet
6 NaBCo Here's what you need to apply for the Nation Builders Corpsbullet
7 Menzgold Ghana Investment company closes down its Gold Vault...bullet
8 Cylinder Circulation Policy LPG retailers to strike on May 21bullet
9 Moving On AirtelTigo partners Ericsson to consolidate...bullet
10 Salaries In 2018 Here are the dates public workers...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
4 Money Alert Meet Africa's richest womanbullet
5 Support Finance minister buys Kantanka carbullet
6 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 Plane Crash Starbow suspends operations following...bullet

Business