President John Dramani Mahama has assured the Governor of Bank of Ghana and the First Deputy Governor of his unwillingness to trigger them to print more cash as was skilled beneath former Governor Ernest Addison.
The former Governor, beneath the directions of Akufo Addo/Bawumia authorities printed a number of billions of cedis however President Mahama says such actions drive inflation therefore counter-productive.
President Mahama made the assertion when he swore in Governor of Bank of Ghana and the primary Deputy Governor, Dr. Johnson Asiamah and Dr. Zacharia Mumuni respectively on the Jubilee House on Tuesday.
“Be rest assured that I will not ask you to print more money”, the President assured.
He additionally later took a swipe on the erstwhile Akufo Addo authorities over the banking sector clear up saying it was executed with a narrowed focus ignoring the human penalties.
He emphasised that the appointment of Dr. Johnson Asiamah and his first Deputy is the start of resetting of Ghana’s financial system including that their appointment is essential in making certain correct foreign money regulation and stability.
President Mahama later counseled the duo for his or her wealth of expertise emphasizing that the monetary disaster Ghana is at present confronted with, required individuals with robust management, demonstrable and confirmed observe file like Dr. Johnson Asiamah and Dr. Zacharia Mumuni “to put the economy back on the path of growth”.
Source: senaradioonline.com