Acting Bank of Ghana governor admits pressure

The acting governor of the Bank of Ghana, has admitted that he is under lots of pressure to perform in the new role.

Dr Henry Kofi Wampah said the position of acting governor is a difficult one to be in because it was not planned.

Dr Wampah was appointed acting governor of the Bank of Ghana (BoG) after Paa Kwesi Amissah-Arthur, the governor was made Vice President of the country.

Dr Wampah served as the first deputy governor from 2009 under Amissah-Arthur.

Last week, he chaired his first Monetary Policy Committee (MPC), a committee that takes decisions on the lending rate of banks in Ghana. It was the 52nd meeting of the Committee.

Dr Wampah did an impressive presentation and answered questions well from journalists. He was relaxed throughout the press conference.

When asked about his new role as acting central bank governor, he admitted that even though he and the second deputy governor Mr Milson Narh have what it takes to achieve results “there are more pressures now”.

Dr Wampah joined the central bank in 1986.

By Ekow Quandzie