Dr. Johnson Pandit Asiama Assumes Office as Governor of the Bank of Ghana

Dr. Johnson Pandit Asiama officially assumed office as Governor of the Bank of Ghana on 3 February 2025. His appointment was made by President John Dramani Mahama, whose National Democratic Congress administration returned to power following the December 2024 general election.

He previously served as Second Deputy Governor of the Bank of Ghana.

OUTGOING GOVERNOR PROCEEDS ON TERMINAL LEAVE

The transition at the top of the central bank was set in motion by a formal request from the outgoing Governor, Dr. Ernest Addison, to proceed on terminal leave ahead of his scheduled retirement on 28 March 2025. Addison had led the Bank of Ghana since 2017.

Ghana is currently operating under an Extended Credit Facility arrangement with the International Monetary Fund.

INFLATION

Headline inflation in Ghana exceeded 50% in 2022 and 2023. Inflation remains above the central bank's medium-term target band.

The Daily Graphic reported that he assumed office on 3 February 2025 as Dr Addison began his terminal leave.