Dr Ernest Kwamina Yedu Addison has met President John Dramani Mahama to tell him of his depart.
He met President John Mahama on Friday, January 31 to tell him about his exit from the central financial institution.
Following the assembly with the President, the central financial institution introduced that Dr Addison had proceeded on terminal depart efficient February 3.
In a press release, the BoG stated “The public is hereby knowledgeable that from February 3, 2025, the Governor of the Bank of Ghana, Dr Ernest Addison, will begin his terminal depart forward of his retirement from the Bank. Dr Addison was appointed on April 3, 2017, and reappointed for a second time period on March 29, 2021.
“In line with the Bank of Ghana Act, 2002 (Act 612), as amended, his tenure as Governor of the Bank of Ghana will finish on March 28, 2025, after he efficiently served two full phrases.
“Accordingly, Dr Ernest Addison has determined to take his accrued depart, efficient February 3, 2025, forward of his retirement from the Bank on March 28, 2025. This has acquired the approval of H.E.
President John Mahama. The Bank of Ghana thanks the Governor for his meritorious and distinguished service to the Bank and the Republic and desires Dr Ernest Addison a restful retirement,” the assertion stated.
Meanwhile, President John Dramani Mahama has nominated Dr. Johnson Asiama to function Governor of the Bank of Ghana pending approval by the Council of State.
Dr Asiama’s nomination adopted the receipt and acceptance of a proper request by the present Governor, Dr. Ernest Addison, to proceed on depart resulting in his retirement on thirty first March, 2025.
Dr Johnson Asiama who beforehand 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 intensive expertise in financial coverage formulation, monetary stability regulation and financial analysis.
He has a wealth of expertise within the banking having labored on the Bank of Ghana for over 23 years.
He has through the years demonstrated dedication to implementing sound financial and change charge coverage, foster a secure monetary system, in addition to selling accelerated financial development in Ghana.
Recently, the Attorney-General, Dominic Ayine, formally withdrew all fees in opposition to Johnson Asiama, the previous Deputy Governor of the Bank of Ghana , regarding his alleged involvement within the collapse of UniBank and UT Bank.
Asiamah, together with a number of others, had been dealing with a spread of fees together with fraudulent breach of belief, cash laundering, conspiracy to commit crime, and violations of the Bank of Ghana (BoG) Act since 2020.
In the case of the collapse of UT Bank, the second deputy governor was charged alongside 5 others, together with the financial institution’s founder, Prince Kofi Amoabeng. The different accused individuals have been Raymond Amanfu, UT Holdings Ltd., Catherine Johnson, and Robert Kwesi Armah.
In the UniBank case, nonetheless, former Finance Minister Dr. Kwabena Duffuor, his son Dr. Kwabena Duffuor II—who was the CEO of UniBank earlier than its collapse—and different executives of the financial institution have been additionally charged with cash laundering.