President John Dramani Mahama has nominated Dr. Johnson Asiamah as the new Governor of the Bank of Ghana, pending approval by the Council of State. His nomination follows the retirement announcement of the current Governor, Dr. Ernest Addison, who will officially leave office on March 31, 2025. This transition marks a significant leadership change at the central bank.
Dr. Asiamah previously served as the Second Deputy Governor of the Bank of Ghana from 2016 to 2017. He holds a PhD in Economics from the University of Southampton, UK, and has over 23 years of experience at the central bank. His expertise spans monetary policy formulation, financial stability regulation, and economic research, making him a strong candidate for the role.
Over the years, Dr. Asiamah has played a key role in shaping Ghana’s financial sector, focusing on sound monetary and exchange rate policies. His experience in fostering financial stability and promoting economic growth is expected to bring continuity and strategic direction to the central bank’s leadership.
Meanwhile, the outgoing Governor, Dr. Ernest Addison, will proceed on terminal leave starting February 3, 2025, ahead of his official retirement. Having served since April 2017, he completed two full terms, in line with the Bank of Ghana Act, which limits the Governor’s tenure to two four-year terms. His tenure was marked by key financial reforms and economic stabilization efforts.
The Bank of Ghana has expressed gratitude for Dr. Addison’s dedicated service and leadership. His contributions have played a vital role in maintaining financial stability in Ghana. As the institution prepares for this leadership transition, the nomination of Dr. Asiamah is expected to ensure continuity in economic policy and financial oversight.
Source: CITI NEWSROOM