Ghana’s newly elected president, John Dramani Mahama has nominated Dr. Johnson Asiamah to serve as the Governor of the Bank of Ghana (BoG), subject to approval by the Council of State.
Dr. Asiamah’s nomination follows a formal request by the current Governor, Dr. Ernest Addison, to proceed on terminal leave ahead of his retirement on March 31, 2025.
Who is Dr. Johnson Asiamah?
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 extensive experience in monetary policy, financial stability regulation, and economic research.
With over 23 years of service at the Bank of Ghana, Dr. Asiamah has played a key role in formulating sound monetary and exchange rate policies, fostering a stable financial system, and promoting economic growth in Ghana.
Dr. Addison Proceeds on Leave
Meanwhile, Dr. Ernest Addison, who has been Governor since April 2017, will begin his leave on February 3, 2025, ahead of his official retirement on March 28, 2025. His tenure aligns with the Bank of Ghana Act, 2002 (Act 612), which limits the Governor’s service to a maximum of two four-year terms.
A statement from the Bank of Ghana’s Communications Department expressed gratitude for Dr. Addison’s service, acknowledging his contributions to financial stability and economic management.
What does the future hold for the economy of Ghana with a new Governor in Dr. Asiamah? Can he implement policies and assist the new Mahama government to breathe some life back into the struggling economy of the west African nation?
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