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AGI NEWS DETAILS

DR. ADDISON TAKES OVER AS GOVERNOR OF BANK OF GHANA

Date: 2017-04-01

The President, Nana Addo Dankwa Akufo-Addo has appointed Dr. Ernest Kwamina Yedu Addison as the Governor of the Bank of Ghana (BOG) subject to consultation with the Council of State. 

A statement issued by the Director of Communications, Mr. Eugene Arhin, said the President has subsequently sent a letter dated March 30, 2017, to the Council of State for that purpose. 

It said the appointment of Dr. Addison followed the President’s acceptance of the resignation of Dr. Abdul-Nashiru Issahaku as Governor.

It explained that President Akufo-Addo appointed Dr. Addison, who was a Lead Regional Economist of the African Development Bank, as its Southern African Resource Centre, in order not to create a vacuum at the Central Bank. 

GOVERNOR’S BACKGROUND

From 2011, Dr. Addison served as the Director of Research at the Bank of Ghana; and was the Chief Economist of the West Africa Monetary Institute (WAMI) from 2001 to 2002.

An Economics graduate of the University of Ghana, Legon, Dr. Addison holds an M. Phil, in Economics and Politics from the University of Cambridge, England; and a Ph.D in Economics from McGill University, Canada.

As head of Research of the central bank, he was credited with the commissioning of the Job Placement Survey, where he completed three editions of the annual survey before moving to WAMI.  The survey was supposed to fill the vacuum of the unavailability of data on unemployment.

He was also a member of the open Market Operations Committee, Money Market Auction Committee and the Editorial Committee and also secretary to the Financial Policies committee.

He chaired the Task Force set up by the Authority of Heads of state and Governor of ECOWAS to undertake all the preliminary studies culminating in the setting up of the WAMI.

Dr. Addison, is the brother of lawyer Philip Addison, who contested the Klottey Korle seat in the 2016 elections on the ticket of the New Patriotic Party (NPP)

Source: Daily Graphic