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Central Bank Governor Finally Resigns Due to Personal Reasons

Central Bank Governor Finally Resigns Due to Personal Reasons
The head of the apex bank of Ghana has tendered his resignation letter due to undisclosed reasons.

Governor of Ghana's Central Bank, Abdul-Nashiru Issahaku has resigned.

This was made known to journalists by anonymous source.

According to sources within the central bank, the governor who officially started his four-year term around September last year tendered his resignation on Wednesday citing personal reasons.

Although the governors of the central bank have been insulated against political risk through an amended Bank of Ghana Act which assures them the security of tenure, speculations have been rife immediately after the December election that the current government would like the governor to leave office so they could appoint a replacement.

Issahaku was first appointed by former president John Mahama in April 2016 in an acting position when Henry Wampah tendered his resignation six months before the end of his tenure.

Mahama was defeated at the polls by current president, Nana Akufo-Addo who won the election by 53 per cent.

Sources within the central bank also named former head of the research department at the bank, Ernest Addison now with the African Development Bank as one of the front-runners to occupy the Bank of Ghana chair.

The outgoing governor held his last Monetary Policy Committee press briefing on Monday, where he announced a 200 basis point reduction in the bank's benchmark policy rate from 25.5 per cent to 23.5 per cent

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Recent Replies (6)

6
Well, i pray that would be the best for him and Ghana at large - Ibrahimmuhammad0092@gmail.com
5
If it is Here in Nigeria this kind of thing cannot happen..someone resigning over personal matters wow..Ghana people una get conscience.. - kizitosix037@gmail.com
4
I commend him for his decision. - Lilian Nnedinso
3
He just earned my respect. If it were in Nigeria, that won't happen - ihuoma234@gmail.com
2
Can this happen in Nigeria? For where. Even they are suffering from a life threatening disease, they gum their buttocks on the sit. - Sandra Chinasa
1
This can never happen in Nigeria, No one resigns,even pple above the serve age of 60 or 65 still lie about their age to continue,Nigeria is in trouble - yayahdrs8@gmail.com
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