New Bank of Ghana Governor appointed

Abdul-Nashiru Issahaku

Abdul-Nashiru Issahaku

Abdul-Nashiru Issahaku, one of the two deputy governors at the Bank of Ghana, was promoted to take the top position at the central bank of the inflation-ridden African country. The appointment of the reform-minded banker to replace retired Kofi Wampah as Governor had been widely expected both inside and outside of the central bank.

As reported by Ghana Business News:

Dr. Issahaku, until his appointment, was a Second Deputy Governor of the central bank. His appointment takes effect today, April 4, 2016.

Before his appointment to the Bank on July 19, 2013, he was the acting Chief Executive Officer of the Export Development and Agricultural Investment Fund (EDAIF). He has also worked with the African Development Bank and the World Bank.

I met Nash Issahaku last week and even then it was quite clear that the new BOG chief already has his work cut out for him:

Predominantly to contain rampant inflation, and also advance the central bank's communications with the markets and the public at large.