President Akufo-Addo has appointed a Former Director of Research at the Bank of Ghana, Dr. Ernest Addison, as the Governor of the Central Bank.

His appointment comes on the heels of the announced resignation of Dr. Abdul Nashiru Issahaku as governor effective Saturday, 1st April, 2017 .

In a letter announcing the new appointment, Director of Communications at the Presidency, Eugene Arhin said Dr. Addison’s appointment has been referred to the Council of State for Consultation.

“In order not to have a vacuum at the top of such an important state institution, the President, in accordance with Article 183 (4) (a) of the constitution, has appointed Dr. Ernest Kwamina Yedu Addison as Governor of the Bank of Ghana, subject to consultation with the Council of State,” the statement said.

His appointment confirms the earlier report by this website on  Thursday, indicating that the former Director of Research at the Bank of Ghana, Dr. Ernest Addison was likely to succeed Dr. Issahahku.

About Dr. Addison

Dr. Addison was until his appointment, the Lead Regional Economist of the African Development Bank, at its Southern African Resource Centre.

From 2003 to 2011, he served as the Director of Research at the Bank of Ghana and was the Chief Economist of the West African Monetary Institute from 2001 to 2002.

Dr. Addison, an Economics graduate of the University of Ghana, Legon, holds an M.Phil  in Economics and Politics from the University of Cambridge, England.

He also holds a PhD in Economics from McGill University, Canada.