According to the president, Ghanaians put their confidence in him on December 7 to turn the dwindling fortunes of the country around.

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At a ceremony at the Presidency to swear in Dr. Ernest Kwamina Yedu Addison as the new Governor of the Bank of Ghana, Nana Addo noted that the new Governor had joined the ship of state in very difficult circumstances.

He, therefore, noted that it was incumbent on him [Dr. Ernest Addison] to justify the confidence reposed in him, and, as such, assured that he will not disappoint the people of Ghana.

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"There is a big burden on us to revive the Ghanaian economy and put it on the path of growth and prosperity. I don’t have to tell you the significance of your role in that process. It is absolutely vital, and you, more than anybody else, will give confidence to the markets that Ghana is on the right path," Nana Addo said.

Dr. Ernest Addison thanked the President for the confidence reposed in him.

"I am hoping that I will be able to contribute my best to position the Bank of Ghana to play that role that it is required to play, in terms of ensuring the stability of the macroeconomic and financial environment.

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"The issue of stability is of great concern to Ghanaians – stability, not only in the exchange rate, but stability in prices generally – as well as creating the low interest regime which will support your private sector vision of creating jobs, ensuring high growth and reducing poverty," he added.

The Vice President of the Republic, Alhaji Dr. Mahamudu Bawumia, Chief of Staff, Akosua Frema Osei Opare and some staff at the Presidency were all in attendance.