Dr. Ernest Addison, Governor of the Bank of Ghana, will begin his terminal leave on February 3, 2025, ahead of his official retirement on March 28, 2025.
Why it matters
Addison has led Ghana’s central bank since 2017, steering it through economic challenges, monetary policy shifts, and financial sector reforms.
His departure marks the end of two full terms in office.
The big picture
- Addison was first appointed on April 3, 2017, and reappointed for a second term on March 29, 2021.
- His tenure was guided by the Bank of Ghana Act, 2002 (Act 612, as amended), which limits governors to two full terms.
- President John Mahama has approved his accumulated leave, leading up to his retirement.
What’s next
President John Dramani Mahama has nominated Dr. Johnson Asiamah to serve as Governor of the Bank of Ghana pending approval by the Council of State.
He previously served as a Second Deputy Governor of the Bank of Ghana between 2016 and 2017, holds a PhD in Economics from the University of Southampton, UK, and has extensive experience in monetary policy formulation, financial stability regulation, and economic research.
Source: Citinews
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