Banking Consultant, Nana Otuo Acheampong has welcomed the expected renewal of the tenure of office of the Governor of the Bank of Ghana Dr. Ernest Addison by President Akufo-Addo for another 4 years.

The President back in 2017, forwarded Mr. Addison’s name to the Council of State for consideration and approval as the Governor of the Bank of Ghana.

The council subsequently approved the nomination of Dr. Addison.

Four years on, the process is being repeated, this time around to extend the tenure of office of Dr. Addison for another 4 years which will begin from April 1, 2021, to March 31st 2025.

Speaking on the renewal of tenure of the 15th Governor since independence, Nana Otuo Acheampong congratulated Dr. Addison but urged him not to relent on implementing bold reforms that will ensure the long term sustainability and growth of the banking sector.

“The appointment is in recognition of the boldness with which he has approached this job. Given a new mandate, I will give him every encouragement to continue with the bold decisions however unpopular they may be for the betterment of the banking sector. Because a good banking sector is critical for an economy like ours that has a less active stock exchange.”