President Nana Addo Dankwa Akufo-Addo has reappointed Dr Ernest Addison as the Governor of the Bank of Ghana (BoG) for another four-year term.
The appointment takes effect from March 30, 2021 pending the constitutionally required consultation with the yet to be re-constituted Council of State.
In March 2017, President Akufo-Addo, forwarded Dr Addison’s name to the Council of State for consideration and approval as the governor of the Central Bank.
He was subsequently approved and then appointed as the governor on 1 April 2017.
Dr Addison, after completing his doctorate at McGill, returned to Ghana and joined the Bank of Ghana in 1994 as an economist. He rose through the ranks to become the Deputy Chief and Head of the Economic Analysis and Policy Division of the Research Department.
He was a member of several committees including the Open Market Operations Committee, Money Market Auction Committee and the Editorial Committee and also secretary to the Financial Programme Implementation Committee and the Financial Policies Committee.
He chaired an Economic Community of West African States Task Force set up by the Authority of Heads of State of ECOWAS to perform feasibility studies culminating in the setting up of the West African Monetary Institute.
Dr Addison served as the chief economist with the West African Monetary Institute from 2000 to 2003.
Prior to leaving the Bank of Ghana, he worked under Kwesi Amissah-Arthur, who was then its governor and later became Vice-President of Ghana.
In 2012, Addison was a lead economist at the African Development Bank’s Southern African Resource Centre in Pretoria, South Africa.
By Laud Nartey|3news.com|Ghana