Wampah Bows Out At The End Of March

Dr. Kofi Wampah
Dr. Kofi Wampah

The Governor of Bank of Ghana Mr. Henry Wampah has disclosed that he will be stepping down at the end of March 2016. The Governor even though on a four year contract will not see the whole duration of his contract.

In an interview with with Reuters on Tuesday, Mr. Wampah disclosed that he had already discussed the issue with H.E. John Dramani Mahama in order to give the President time to appoint a competent successor.

“I told him I wanted to leave office early and we have agreed that I will exit at the end of March. It is just fair to leave early in order to give enough room for my successor, whoever it might be, to settle down before we get to the elections.”

According to the Governor, it is likely one of his deputies Millison Narh or Abdul Nashiru Issahaku will serve as interim central Bank Governor until  a permanent successor is appointed.

Mr. Wampah since taking over the reigns of the Bank of Ghana has faced a lot criticisms over high rates of inflation, high interest rate and the bank’s failure to effectively monitor ponzi financial institutions.