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Business News of Thursday, 30 March 2017


Ernest Addison likely to succeed Issahaku

Dr Ernest Addison, a former Director of Research at the Bank of Ghana during the tenure of Kwesi Amissah-Arthur as governor, is the likely successor to Dr Abdul-Nashiru Issahaku who has resigned, has learnt.

Confirming his resignation to Graphic Online, Dr Issahaku said he decided to quit for “personal reasons”.

“They did not force me out. It was a personal decision," he said.

The 55-year-old economist was appointed into office in April last year by Mr John Mahama when he was in office.

He succeeded Dr Henry Wampah who also retired before his time was due.

Before becoming the governor, Dr Issahaku had been the second deputy governor of the central bank since July 2013.’s sources within the presidency and the central bank say Dr Addison is likely to be meeting the President soon as he prepares to take over from Dr Issahaku.

Dr Addison, after leaving the central bank, joined the African Development Bank (AfDB) in May 2011 till present.

He worked with the central bank as Director of Research from 2003-2011.

Dr Addison was also a Chief Economist with the West African Monetary Institute from 2000-2003.

He got his Doctor of Philosophy (Ph.D.), Economics, from 1989-1993 at McGill University.

He did his Master of Philosophy (M.Phil.), Economics at Cambridge University from 1987-1989.

He attended the University of Ghana for his Bachelor of Arts (B.A.), Economics between 1982 and 1986.