Dr. Ernest Addison is new Bank of Ghana Governor

Dr. Ernest Kwamina Yedu Addison, a former employee of the Bank of Ghana has been appointed the new Governor of the central bank.

A statement from the Office of the President issued Thursday March 30, 2017 says Dr. Addison was appointed following the acceptance of the resignation of the current Governor, Dr. Abdul-Nashiru Issahaku. According to the statement, Dr. Issahaku tendered in his resignation March 27, and would cease to be the Governor from April 1, 2017 –  he served only 11 months of his four-year tenure. No reasons were assigned for his resignation.

Dr. Addison, until his appointment was working with the African Development Bank (AfDB), as a Lead Economist at the Bank’s Southern African Resource Centre in Pretoria, South Africa.

Before joining the AfDB in May 2011, he was the Director of Research at the Bank of Ghana from 2003 to 2011. He also served as the Chief Economist at the West African Monetary Institute from 2000 to 2003.

Dr. Addison was educated at the University of Ghana Legon, University of Cambridge, and holds a PhD in Economics from McGill University.

By Emmanuel K. Dogbevi