The Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Elsie Addo Awadzi, has announced her early retirement, effective February 28, 2025.
This was confirmed in an official statement issued by Felix Kwakye Ofosu, spokesperson to President John Mahama. The statement indicated that the president has accepted her decision, commending her for her exemplary contributions to the nation’s financial sector.
“The president thanks Mrs. Elsie Addo Awadzi for her distinguished service to the Bank of Ghana and the Republic and wishes her the very best in her future endeavours,” the statement noted.
Mrs. Awadzi, who has been with the central bank since 2018, has been widely recognized for her instrumental role in the implementation of Ghana’s financial sector reforms. Her efforts have been pivotal in enhancing banking regulation, strengthening financial stability, and restoring public confidence in the banking system during a critical period.
Dr. Maxwell Opoku-Afari Resigns as First Deputy Governor
In a related development, Dr. Maxwell Opoku-Afari, the First Deputy Governor of the BoG, has also stepped down. His resignation further underscores a period of significant leadership changes within the central bank.
New Leadership on the Horizon
To ensure continuity, President Mahama has nominated Dr. Johnson Asiamah to assume the role of Governor of the Bank of Ghana. Dr. Asiamah, a seasoned economist with extensive experience in monetary policy, previously served as Second Deputy Governor of the BoG. His appointment is subject to approval by the Council of State.
These developments mark a transformative chapter in the leadership of Ghana’s central bank, as the institution navigates evolving economic challenges and opportunities.
Story by : Mercy Addai Turkson
