New BoG boss must tackle DKM, high interest rates - Akoto

Member of Parliament for Old Tafo in the Ashanti Region, Dr. Anthony Akoto Osei, has charged the newly appointed Governor Of Bank of Ghana, Dr. Nasiru Issahaku, to as a matter of urgency solve the DMK micro finance impasse and the soaring interest rate, which is crumbling businesses in the economy.

Dr. Akoto Osei, former Minister of Finance and Economic planning in the erstwhile Kufuor government said in an interview with Kwame Adinkra on Atinka FM’s AM Drive Tuesday that the new governor must immediately address issues concerning some micro finance institutions in the Brong Ahafo Region and other parts of the country.

He also said the Dr. Issahaku must also focus on the high interest rates.

Touching on the qualification of the new Governor which has become a topical issue , Dr. Akoto Osei said Dr. Issahaku's qualification as an Agric Economist and political Scientist is not that bad.

According to him, what is more important is having a strong team with an extensive experience on monetary policy to work with.

The Ranking Member on the Parliamentary Select Committee on Finance, Dr. Akoto Osei also advised Dr. Issahaku not to blend his duties at the Central Bank with politics.

Sharing his thoughts on the same issue on the Show, Dr. Abedu Ibrahim, lecturer at the University of Ghana Business School, reiterated that the academic background is not of great importance to the post of the new governor .

Dr. Nasiru Issahaku was appointed by President Mahama on Monday April 4 following the exit of Dr. Kofi Wampah who took an early retirement, four months before the end of his term on August 05, 2016.

He holds Masters in Agric Economics and a Ph.D. in Political Science from the University of Georgia.

Dr Abdul –Nashiru Issahaku, prior to his appointment as a Deputy Governor of the BoG was the Acting Chief Executive Officer of Export Development and Agricultural Investment Fund (EDAIF).

Dr. Issahaku has also worked with the African Development Bank and World Bank.