ACCRA, Dr Ernest Kwamina Yedu Addison, an economist at the African Development Bank (AfDB), has been appointed Governor of the Bank of Ghana by President Nana Addo Dankwa Akufo-Addo following the resignation of Dr Abdul-Nashiru Issahaku with effect from April 1, 2017.

A statement issued by the Office of the President said: “In order not to have a vacuum at the top of such an important State institution, the President has appointed Dr Ernest Kwamina Yedu Addison as Governor of the Bank of Ghana, subject to consultation with the Council of State.”

Dr Addison was the Lead Regional Economist of the AfDB at its Southern African Resource Centre. He served as Director of Research at the Bank of Ghana from 2003 to 2011, and was also Chief Economist of the West African Monetary Institute from 2001 to 2002.

An economics graduate of the University of Ghana, he holds a Master’s in Economics from the University Of Cambridge, England, and a PhD in Economics from the McGill University, Canada.

The Minister of Finance, in a statement welcoming the appointment, said the new Governor would work to facilitate the Government’s commitment to ensure macroeconomic stability and he would, therefore, build on the success of his predecessor.

Dr Issahaku, outgoing Governor, was appointed by Former President John Dramani Mahama on April 4, 2016, when he was a Deputy Governor of the Bank.