Central bank governor resigns over “personal” reasons
The Governor of Ghana’s central bank, Abdul-Nashiru Issahaku has resigned, AFP reported.
Abdul Nashiru Issahaku reportedly stepped aside over personal reasons. The resignation takes effect April 1.
Issahaku was appointed governor in September, 2016. It is believed he’s stepping aside following the defeat former president John Mahama suffered in last December’s presidential election.
Newly elected President Nana Akufo-Addo would rather work with someone else, some speculate.
The country’s constitution, anyways, protects central bank governors from political witch-hunt. So we’ll just stick with the narrative that Issahaku resigned over “personal” reasons.
Prior to his appointment, Issahaku was second deputy governor and previously chief executive officer of the Export Development and Agriculture Investment Fund.
He took office during Ghana’s phase of rising inflation and depreciation of the cedi last year which is slowly gaining its value.
Central bank sources told AFP former head of the research department Ernest Addison, now with the African Development Bank, could succeed Issahaku.
