The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, will proceed on terminal leave starting Monday, February 3, 2025, as he prepares for retirement.
Sources within the central bank have confirmed that Dr. Addison, who has served as Governor since April 2017, is taking the leave ahead of his official retirement on March 28, 2025, after completing two full terms.
This decision aligns with the Bank of Ghana Act, 2002 (Act 612), as amended, which stipulates that the Governor’s tenure is four years and renewable for only one additional term.
Dr. Addison’s terminal leave has been approved by President John Dramani Mahama.
Meanwhile, President John Dramani Mahama has nominated Dr. Johnson Asiamah to serve as Governor of the Bank of Ghana pending approval by the Council of State.
Dr. Johnson Asiamah 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.
