• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 201603

BoG Governor Was Forced To Resign - MP

30-Mar-2016
/ Business News, Business
Email
Print
Comments 0
Dr Henry Kofi Wampah, Governor of the Bank of Ghana
(0)
Comments
Share on Facebook Share on Twitter
 

The Member of Parliament for Sunyani East, Kwasi Ameyaw-Cheremeh, is alleging government forced Dr Henry Kofi Wampah to resign as Governor of the Bank of Ghana ahead of his retirement.

Although Dr. Wampah's tenure expires in August, he on Tuesday announced his early exit, noting the decision was partly linked to presidential and parliamentary elections planned for November.

"I told him [President Mahama] I wanted to leave office early and we have agreed that I will exit at the end of March," Wampah said. "It is just fair to leave early in order to give enough room for my successor, whoever it might be, to settle down before we get to the elections."

But the MP believes the outgoing Dr Wampah, was forced by the government to resign due to what Mr Ameyaw-Cheremeh claims is the embarrassment Dr Wampah brought to the government, especially with how he handled the micro-finance crisis that has hit the Brong Ahafo Region.

Mr Ameyaw-Cheremeh who made the allegation Wednesday on Onua FM's Yen Sempa morning show said: “if the culture of resignation works in Ghana, he should have resigned long time because he has failed the nation”.

According to him, the government has now realised that Dr Wampah's management of the economy has caused them, hence forced him to resign before his tenure.

Mr Ameyaw Cheremeh said the excuse given by Dr. Wampa is frivolous, saying the Governor’s position has nothing to do with elections.

Wampah's successor

Meanwhile, Head of Human Resource at the Fair Wages and Salaries Commission (FWSC) wants Deputy Governor of Bank of Ghana (BoG), Millison Narh to be appointed as the substantive Governor.

Mr. Cephas Amada told Onua FM that it will be in the interest of the Central Bank for the government to appoint Ms Narh since he has great insight into the workings of the Bank having served as a Deputy to Dr Wampah.

He said choosing anyone aside Ms. Narh would mean the person will now have to take time to learn the organisational structure of the Bank.

Reports say staff of the Bank wants Dr Wampah's his first Deputy, Ms Narh to be appointed a substantive governor while the appointing authority is said to have a soft spot for the second Deputy, Isahaku.

“No employment relation is everlasting and so it is very important that we put structures in place to get a replacement. There should be systems in place to train people to replace those who leave the organization,” he said.

Mr Amada said “the situation also depends on the bank’s policy but when you bring people from outside they have to learn the culture so getting people from within is the best option and the Bank should go for Millison Narh”.

Mr. Adama advised that the appointment is devoid of politics and "look at who can deliver. If the person there has the potential, we must appoint him to do the job”.

Member of Parliament for Sunyani East, Kwasi Ameyaw-Cheremeh

Source: Tv3network.com

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Wampah, Amissah-Arthur Bad Blood Stifled Economy - Akoto Osei

Next Post

Dr. Wampah On How He Wants To Be Remembered

 
 

More Stories

CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana
Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges
Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event
AGI Urges Government To Incentivize Production
Understand The Nature Of Assets Before Investing – George Allotey
Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals
Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards
Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding
GACL Is ‘Best ERM Compliant Institution’ 2023
Next Post

Dr. Wampah On How He Wants To Be Remembered

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • CIMG Customer Satisfaction Index: UMB And 4 Other Banks Lead The Way In Customer Service In Ghana

  • Global Finance Must Transform To Address Africa's Climate Challenge - Ofori-Atta Urges

  • Vodafone Director Calls On SMEs To Seize Opportunities At Upcoming Business Runway Event

  • AGI Urges Government To Incentivize Production

  • Understand The Nature Of Assets Before Investing – George Allotey

  • Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals

  • Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards

  • Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding

  • GACL Is ‘Best ERM Compliant Institution’ 2023

  • Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria

 

 
 

Popular Videos

GHANA MONTIE with MAC-JERRY OSEI AGYEMAN on NEAT 100.9 FM (THURSDAY 21-09-23)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM FRIDAY 22/09/23)

Peace Power Sports (22/09/2023)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM FRIDAY 22/09/23)

YE KO FIE with OLA MICHAEL on NEAT 100.9 FM FRIDAY 22/09/23)

Peace Power Sports (22/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media