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March 11, 2016

 
 
 
 
 


Paul Acquah retires as BoG governor
Audrey Micah, Ghanadot

Accra, Oct 1, Ghanadot - Stakeholders in the country’s financial sector as well as the Association of Ghana Industries have given thumps up to the immediate past governor of the Bank of Ghana.

Paul Acquah bowed out on Wednesday after serving eight years with Ghana’s Central Bank, receiving wide applause for his high-level fiscal discipline.

He was adjudged the best central bank governor in Africa for his role in maintaining a stable and resilient economy.

He is also credited with key reforms during an eight-year tenure which culminated in the creation of an interest rate policy committee and the redenomination of the cedi.

Tony Oteng Adjei, President of the Association of Ghana Industries, (AGI) in an interview on Joy FM said the former governor can “retire with his head high.”

Even though he criticized Dr. Acquah’s models in fighting inflation, he said on the balance the governor did a good job.

He also lauded the smooth transition between the outgoing governor and the incoming one, Dr Paa Kwesi Ammissah-Arthur, describing it as one of the smoothest in recent times.

Managing Director of Stanbic Bank, Alhassan Andani said Ghana must tap into the knowledge of the retiring governor.

He said Dr. Acquah brought “monumental changes” within the country’s financial sector, adding Ghana must still take advantage of the huge reservoir of knowledge.

 

Ghanadot

 

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