Ghana: Central Bank Governor Steps Down

By Emmanuel Vitus, Accra, Ghana

After overseeing one of the most disastrous performances of the local currency, the cedi and the collapse of the hitherto booming national economy, Henry Akpenamawu Kofi Wampah, Ghana’s central bank chief stepped down on Friday.

Wampah was named governor of Ghana’s central bank in 2012 to address the country’s fiscal deficit, rising inflation, continuous currency devaluation and ballooning debt stock. He resigned amid criticism about the west-African nation’s lackluster economic performance.

His resignation comes four months before the end of his term on August 05, 2016.

The outgoing governor has expressed gratitude to players in the financial sector for their cooperation.

Millison Narh, First Deputy Governor of the Bank of Ghana (BoG,) has taken over as acting governor of the Bank until a new governor is appointed by the President.

About Khalid Al Mouahidi 4433 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network