Pulse.com.gh logo
Go


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:

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 2018 Budget Review Prepare to pay 35% tax if you earn 10k and abovebullet
2 Taxes In Ghana Don't rejoice; VAT has been hiked through ‘backdoor’ –...bullet
3 2018 Budget Review Gov’t imposes tax on luxury vehiclesbullet
4 Kwabena Duffuor Official: Duffuor’s assets not being auctionedbullet
5 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
6 Investment banks in Ghana Top 5 investment banks in Ghana and...bullet
7 Economy Of Ghana Finance Minister presents mid-year budget...bullet
8 Uche Ofodile Captain Planet’s wife heads MTN Liberiabullet
9 Education Top 5 private high schools in Ghana according...bullet
10 Full Text 2018 mid-year budget review presented by Ken...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Support Finance minister buys Kantanka carbullet
5 Money Alert Meet Africa's richest womanbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 Video We are determined to move Ghana beyond aid - Bawumiabullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business