Governor of Bank of Ghana speaks on resignation rumour
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Governor of the Bank of Ghana, Dr. Henry Kofi Wampah has denied media reports that he has resigned from his job.
The Scandal newspaper in its Monday edition reported that Dr. Wampah submitted a resignation letter on Wednesday, July 16.
However, the Governor exclusively told Joy Business that the publication is untrue.
In a terse text message, Dr. Wampah said, “It is not true.”
He added that the Bank of Ghana will issue an official statement to rebut the publication.
The Governor has come under intense pressure in the wake of consistent depreciation in the value of the country’s currency.
The Ghana cedi has lost about 30 per cent of its value to US Dollar and by a similar percentage to the British Pound.
This has resulted in a downward spiral in the economic indicators compelling government to revise downward its 2014 GDP, inflation, and deficit targets.
Fiscal policy measures introduced by the central bank are not yielding the needed results as the cedi now trades between 3.0319 and 3.0343 against the Dollar and 5.1730 and 5.1789 to British Pound Sterling.
By: Jerry Tsatro Mordy
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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