Mixed reactions to Governor of Bank of Ghana’s early exit

The Governor of the Bank of Ghana, Dr Kofi Wampah’s intended resignation is still raising questions and answers from economists, businessmen and financial analysts.

While some are expressing surprise others feel it is normal.

Radio Ghana caught up with a Financial Analyst, Isaac Adongo who critically looks at his achievements and failures.

Economists have been reacting to the early exit of the Governor of the Bank of Ghana, Dr Henry Kofi Wampah with many saying his exit will not have a negative impact on the economy.

Dr Henry Kofi Wampah is said to have told Reuters News Agency that he will retire this week, cutting short his four-year term during which he struggled to curb inflation and issues with the micro finance sector.

The Governor, whose term officially ends on August 5, said he has informed President Mahama of his intention to leave by the end of this month, adding that the decision is partly linked to the presidential and parliamentary elections scheduled for November.

A Chartered Economist and Lecturer at the Cape Coast University, Dr John Gatsi speaking to Radio Ghana said despite the negatives, Dr Wampah introduced a lot of policies which if sustained will improve the country’s economic outlook.

An Economic Analyst with Databank, Kingsley Martey on the hand says although Dr Wampah introduced a lot of policies with the right intentions, most of the targets of those policies were missed.