The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, will officially proceed on terminal leave from Monday, February 3, 2025, ahead of his retirement on March 28, 2025.
Sources within the central bank confirm that Dr. Addison, who has served as governor since April 2017, will step aside after successfully completing two full terms. His departure aligns with the Bank of Ghana Act, 2002 (Act 612), which stipulates a four-year tenure, renewable only once.
President John Dramani Mahama has approved Dr. Addison’s leave and has subsequently nominated Dr. Johnson Asiamah as his successor, pending approval by the Council of State.
Dr. Johnson Asiamah to Lead the Central Bank
Dr. Asiamah, a seasoned economist, 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 boasts over 23 years of experience in banking, monetary policy formulation, financial stability regulation, and economic research.
Throughout his career, Dr. Asiamah has demonstrated a firm commitment to implementing sound monetary and exchange rate policies, ensuring financial system stability, and driving Ghana’s economic growth.
If approved, he will be tasked with steering the central bank’s policies at a crucial time, focusing on inflati
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on management, currency stability, and economic development.