Dr Henry Kofi Wampah 'No bad blood between me and Wampah' - Veep

"The Vice President wishes to seize the opportunity to wish Dr Wampah well as he leaves the Bank of Ghana as Governor," the statement added.

  • Published:
Vice President, Kwesi Amissah-Arthur play

Vice President, Kwesi Amissah-Arthur

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Vice President Kwesi Amissah-Arthur has denied any bad blood between him and outgoing governor of the Bank of Ghana, Dr Henry Kofi Wampah.

The Member of Parliament for the Old Tafo constituency in the Ashanti region, Dr Anthony Akoto Osei disclosed to some section of the media that there is rift between Dr Wampah and vice president because he (Amissah-Arthur) is partly to blame for the current awful state of Ghana’s economy.

Read more: Who replaces Dr. Henry Kofi Wampah as BoG Governor?

He said the failure of the duo – two of the most important figures tasked with providing direction and advice regarding the running of the economy – to bury their differences, was also a factor in Dr Wampah’s unimpressive tenure as governor, which, according to him, had forced him to resign his position as head of Ghana’s central bank.

But in a statement from the Office of the Vice President signed by Mr James Agyenim-Boateng, it said Dr Akoto Osei’s assertion as "a figment of the fertile imagination of the person making the allegation and it should be treated with the contempt it deserves."

Dr Henry Akpenamawu Kofi Wampah play

Dr Henry Akpenamawu Kofi Wampah


See also: Dr. Abdul-Nashiru Issahaku favorite for BOG top job

"From his days as the Governor of the Central Bank till date, Mr Amissah-Arthur has had very fruitful and cherished relations with Dr Wampah.

"The Vice President wishes to seize the opportunity to wish Dr Wampah well as he leaves the Bank of Ghana as Governor," the statement added.

Click to read the full statement issued by veep here: 'No bad blood between me and Wampah' - Veep

After overseeing one of the most disastrous performances of the local currency, the cedi and the collapse of the hitherto booming national economy, Dr Henry Akpenamawu Kofi Wampah seems to have finally succumbed to the massive public outcry and is said to have acquiesced to retire.

Related: MP excited over Wampah's retirement

Prior to his appointment at the bank, Dr. Wampah was the Director of the Research and Statistics Department at the West African Monetary Institute.

Read more: BoG governor to retire end of March

He also worked as the Head of the Research Department of Bank of Ghana from February 1996 to February 2001, as well as working with the International Monetary Fund.

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.

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

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.

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