Dr. Issahaku’s resignation apt - Economist

The timing of the resignation of the Bank of Ghana Governor, Dr Abdul-Nashiru Issahaku, is right, Gideon Amissah, a financial analyst, has said.

According to him, the new government and the new Finance Minister will need a governor of the central bank that shares in the vision and ideology of the government, hence given that Dr Issahaku’s ideology is at odds with the Akufo-Addo government, it was necessary for him to step down.

Dr Issahaku announced his resignation on Wednesday March 29.

Confirming his resignation to Graphic Online, Dr Issahaku said he decided to quit for “personal reasons”, adding: “They did not force me out. It was a personal decision."

Speaking on this development in an interview with Accra News on Thursday, 30 March, Mr Amissah said: “The central banking system across the African continent has become political even though they are supposed to be autonomous, and, so, the resignation was expected. This is the right time for him to bow out following the exit of the past government.”

“The new government, and for that matter the new Finance Minister, will need a governor of the central bank who shares in the vision and ideologies of the governing party as a way of ensuring the fulfilment of the government’s policies.

“We have reached a stage in our country where whenever there is a change of government there should be overhauling of the central bank and so his resignation was expected.”