Dr. Abdul Nasiru Issahaku, new governor of the Bank of Ghana says the Central Bank will closely monitor to contain over-expenditure in elections this year.
A Databank Africa Strategy quarterly report has shown that ahead of the country’s general election in November 2016, demand pressures from election-driven expenditure also pose a risk to sustained decline in inflation and a return to price stability.
Speaking at a swearing-in ceremony at the Flagstaff House, Dr Issahaku however said: “Growth is beginning to pick up and we have to stay the course” insisting that measures were being instituted to bring down inflation.
President Mahama, swearing-in Dr Issahaku and the new Second Deputy Governor of the Central Bank, Dr Johnson Asiamah urged him to collaborate with the Minister of Finance to ensure that the economy becomes more resilient.
Dr Issahaku, the 14th Governor of the Bank of Ghana succeeded Dr Henry Wampah, who retired last month cutting short a four-year term supposed to be ending officially on August 5, 2016.
Dr Issahaku, a governance expert until his appointment was the second Deputy Governor of the Bank of Ghana.
