President John Dramani Mahama has appointed Johnson Asiamah as the new Governor of the Bank of Ghana. His tenure is set to begin by the end of March, pending approval by the Council of State.

Dr. Asiamah, an economist with a Ph.D. from the University of Southampton, brings over 23 years of experience at the Bank of Ghana. He previously served as the Second Deputy Governor from 2016 to 2017. His expertise in monetary policy and financial stability is well recognized.

He will succeed Dr. Ernest Addison as the head of the Bank. His commitment to a rigorous foreign exchange policy and strengthened financial stability is supported by the Ghanaian Presidency. The priority is to revive a slowing economy while controlling soaring inflation.

With an inflation rate reaching 23.8% in December 2024, the country’s economic stability remains fragile. The central bank aims for a rate below 8%, a target that is still distant. His strong expertise is essential to restore confidence and promote sustainable growth.