Informed sources at the heart of government have said Finance and Economic Planning Minister-designate Dr. Kwabena Duffour has been told by appointing authorities to go and look for his own governor, to oversee affairs at the Bank of Ghana.
Consequently, the search is on for that man or woman with the magic wand to fine-tune what looks like the tattered ends of the nation’s economic sack-cloth well in time, so as to stem the tide of the economic free fall. One of the gentlemen he is considering to take over the governorship, Mr. Alhassan Andani Managing Director of STANBIC Ghana Limited is however considered by the Ghanaian economic world as only a commercial baker with some limitations that may not have a productive bearing on the position. This slap down means that the Minister-designate has to look farther a-field for bigger giants other than Goliath who may not after all be Goliath at all. Interestingly Mr. Duffour has been in the saddle before at the close of the 1990s, when right underneath his eyes every variable under-performed and thereby eroded the stability of the Cedi then.
Mr. Duffour’s experience of inflation galloping for a free fall just like a rider-less horse at 40.8 percent then, makes the immediate-past governor of the Bank of Ghana, Dr. Paul Acquah something of demigod.
Critics believe that the Minister-designate may have to look beyond his own limitations to that special individual with an economic surveillance mind-set to control those wide ranges of confrontational issues, set to bedevil the nation in the coming months
