Ernest Addison

Dr.
Ernest Addison
Governor of Bank of Ghana
Assumed office
March 2017
President Nana Akuffo-Addo
Preceded by Nashiru Issahaku
Personal details
Born Ernest Kwamina Yedu Addison
1963 (age 54–55)
Ghana
Nationality Ghanaian
Residence Accra, Ghana
Alma mater Mfantsipim School, University of Ghana, Cambridge University, McGill University
Occupation Banker
Profession Economist

Ernest Kwamina Yedu Addison (born 1963) is a Ghanaian economist and the fifteenth and current Governor of the Bank of Ghana.[1] He had previously worked with the central bank as Director of Research from 2003 to 2011.[2] He had worked the African Development Bank prior to his appointment as the Governor of the Bank of Ghana.[2][3]

Early life and education

Dr. Addison attended the elite Mfantsipim School,[4] a Methodist College in Cape Coast with alumni such as former UN Secretary General Kofi Annan. After Mfanstipim he went to the University of Ghana for his Bachelor of Arts degree in Economics from 1982 to 1986.[2] He proceeded to Cambridge University for his Master of Economics from 1987 to 1989 and obtained a Doctor of Philosophy in Economics degree from McGill University in 1993.[2][4]

Career

Dr. Addison joined the Bank of Ghana in 1995 as an economist and rose through the ranks to become the Deputy Chief and Head of the Economic Analysis and Policy Division of the Research Department.[2][5] During his ternure at the bank he was a member of several committees including the Open Market Operations Committee, Money Market Auction Committee and the Editorial Committee and also secretary to the Financial Programme Implementation Committee and the Financial Policies Committee.[5] He chaired an Economic Community of West African States Task Force set up by the Authority of Heads of State of ECOWAS to perform feasibility studies culminating in the setting up of the West African Monetary Institute.[4] Dr Addison was served as the Chief Economist with the West African Monetary Institute from 2000 to 2003. Prior to leaving the Bank of Ghana he worked under Kwesi Amissah-Arthur who was the governor and later became the Vice-President of Ghana.[3] In 2012 he was a Lead Economist at the African Development Bank's Southern African Resource Centre in Pretoria, South Africa.[3]

Appointment as Governor

In March 2017 Nana Addo Danquah Akufo-Addo the president of Ghana forwarded Dr. Addison's name to the Council of State for consideration and approval as the Governor of the Bank of Ghana.[5][6] This was to fill the vacancy left by the resignation of the then governor Dr. Abdul Nashiru Issahaku.[7] He was subsequently approved and then appointed as the governor of the Bank of Ghana on 1 April 2017.[8]

Other positions

Due to his position as Governor, Addison automatically serves a member on many Government of Ghana agencies that deal with financial policy and management such as board member of the Ghana Cocoa Board.[9]

References

  1. ↑ "New BoG Governor sworn in by Akufo-Addo". myjoyonline.com. Retrieved 26 May 2017.
  2. 1 2 3 4 5 Web, Ghana. "Ernest Addison likely to succeed Issahaku". ghanaweb.com. Ghanaweb. Retrieved 31 May 2017.
  3. 1 2 3 Business, Ghana News. "Dr. Ernest Addison is new Bank of Ghana Governor". ghanabusinessnews.com. Retrieved 31 May 2017.
  4. 1 2 3 Dr. Ernest Addison, Governor of Bank of Ghana. "Dr. Ernest Addison is new Governor of Bank of Ghana". 233times.com. Retrieved 31 May 2017.
  5. 1 2 3 Addison is new BoG Governor, CONFIRMED: Ernest. "CONFIRMED: Ernest Addison is new BoG Governor". kasapafmonline.com. Retrieved 31 May 2017.
  6. ↑ Ghana's new chief banker:, Ernest Addison. "Ghana's new chief banker: Ernest Addison". primenewsghana.com. Retrieved 31 May 2017.
  7. ↑ Welcome, Dr Addison. "Dr Addison, welcome to the seat". graphic.com.gh. Graphic Communications Group. Retrieved 31 May 2017.
  8. ↑ Addison new BOG governor, Ernest. "Dr. Ernest Addison is new BoG governor". ghanatrade.gov.gh. ghana trade. Retrieved 31 May 2017.
  9. ↑ Times, Ghanaian. "Two sworn in as board members of COCOBOD". Ghanaian Times. Retrieved 31 May 2017.
Government offices
Preceded by
Nashiru Issahaku		 Governor of Bank of Ghana
2017–		 Incumbent
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