Kofi Wampah to act as BoG boss

The first Deputy Governor of the Bank of Ghana, Henry Kofi Wampah, is expected to act as the Governor of the Central Bank until a substantive Governor is appointed.

The appointment of the Governor is the sole prerogative of the President.

However, indications are that President Mahama will within the next two weeks nominate someone to become the Governor.

The new Governor is expected to continue measures taken by the regulator to bring total stability to the unstable cedi.

Already, names such as Managing Director of Stanbic Bank, Alhassan Andani and Board Chairman of Ghana Commercial Bank and lecturer Dr. Fritz Gockel have been making waves as the likely successor to Mr. Amissah Arthur.**