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0 Dr Ernest Kwamina Yedu Addison has met President John Dramani Mahama to inform him of his leave.
He met President John Mahama on Friday, January 31 to inform him about his exit from the central bank.
Following the meeting with the President, the central bank announced that Dr Addison had proceeded on terminal leave effective February 3.
In a statement, the BoG said “The public is hereby informed that from February 3, 2025, the Governor of the Bank of Ghana, Dr Ernest Addison, will start his terminal leave ahead of his retirement from the Bank. Dr Addison was appointed on April 3, 2017, and reappointed for a second term on March 29, 2021.
“In line with the Bank of Ghana Act, 2002 (Act 612), as amended, his tenure as Governor of the Bank of Ghana will end on March 28, 2025, after he successfully served two full terms.
“Accordingly, Dr Ernest Addison has decided to take his accumulated leave, effective February 3, 2025, ahead of his retirement from the Bank on March 28, 2025. This has received the approval of H.E.
President John Mahama. The Bank of Ghana thanks the Governor for his meritorious and distinguished service to the Bank and the Republic and wishes Dr Ernest Addison a restful retirement,” the statement said.
Meanwhile, President John Dramani Mahama has nominated Dr. Johnson Asiama to serve as Governor of the Bank of Ghana pending approval by the Council of State.
Dr Asiama’s nomination followed the receipt and acceptance of a formal request by the current Governor, Dr. Ernest Addison, to proceed on leave leading to his retirement on 31st March, 2025.
Dr Johnson Asiama who previously served as a Second Deputy Governor of the Bank of Ghana between 2016 and 2017, holds a PhD in Economics from the University of Southampton, UK and has extensive experience in monetary policy formulation, financial stability regulation and economic research.
He has a wealth of experience in the banking having worked at the Bank of Ghana for over 23 years.
He has over the years demonstrated commitment to implementing sound monetary and exchange rate policy, foster a stable financial system, as well as promoting accelerated economic growth in Ghana.
Recently, the Attorney-General, Dominic Ayine, officially withdrew all charges against Johnson Asiama, the former Deputy Governor of the Bank of Ghana , concerning his alleged involvement in the collapse of UniBank and UT Bank.
Asiamah, along with several others, had been facing a range of charges including fraudulent breach of trust, money laundering, conspiracy to commit crime, and violations of the Bank of Ghana (BoG) Act since 2020.
In the case of the collapse of UT Bank, the second deputy governor was charged alongside five others, including the bank’s founder, Prince Kofi Amoabeng. The other accused persons were Raymond Amanfu, UT Holdings Ltd., Catherine Johnson, and Robert Kwesi Armah.
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