Dr. Ernest Addison to be named BoG governor

A lead economist at the African Development Bank Dr. Ernest Addison is set to take over as the new governor of Bank of Ghana, sources say.

Government has settled on him following the decision of the current governor, Dr. Abdul Nashiru Issahaku to step down effective April 1, citing personal reasons. He has rejected reports that he was forced out.

Dr. Addission’s appointment is expected to be formally announced today by Government, after the Council of State’s approval. The Bank of Ghana is also expected to issue a statement on current developments at the Central Bank.

Dr. Addison joined the African Development Bank in May 2011 and has worked as a lead economist.

Before joining the AfDB, Dr. Addison was a Director of Research at the Bank of Ghana from 2003 to 2011. He was also the Chief Economist at the West African Monetary Institute from 2000 – 2003.

Source: myjoyonline