Tango over Wampah’s successor

Uneasiness appears to be brewing at the Bank of Ghana over who to replace outgoing governor of the bank, Dr Henry Kofi Wampah,StarrFMonline.com has gathered.

Dr. Wampah, whose original tenure expires in August this year, has decided to bow out early to enable his successor get ready for the huge task.

A statement from the Central Bank Tuesday confirmed his exit.

There are two deputies serving under Dr Wampah namely; Millison Narh and Nasiru Isahaku.

According to StarrFMonline.com sources, while the outgoing governor favours his first deputy, Narh as his successor, the presidency has a soft spot for the second deputy Isahaku, instead.

The development, according to sources, is causing some silent nervousness among top managers of the bank.

The situation has sparked fears the President may appoint an outsider as a compromised choice to head the central bank.

The convention, over the years, has been that first deputies are automatically promoted to the actual position upon the retirement of their bosses.

With the exception of Vice President Kwesi Amissah-Arthur, previous governors of the bank in recent history, had been from the structure of the bank.

The Bank of Ghana (BoG) is the central bank of Ghana. It is located in the capital, Accra, and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.