Some analysts have commended the Governor of the bank of Ghana, Dr. Henry Kofi Wampah, over his achievements as the head of the central bank.
[contextly_sidebar id=”0UCPi6ReeV9YLpaC9bfiubJshYmQRENr”]It follows the announcement of a rather early exit of the Governor from the bank.
A statement released by the Bank of Ghana which confirmed the Governor’s exit stated that in view of Dr. Wampah’s long outstanding leave days, he will be taking an early retirement from the central bank ahead of the end of his tenure which falls on August 5, 2016.
Some have criticized the Governor over the failure of decisions such as the Forex control measures as well as the recent developments in the microfinance industry where millions of cedis have been locked up due to poor supervision of their operations.
But Banking Consultant and Head of the Osei Tutu II Centre for Executive Education and Research, Nana Otuo Acheampong believes Dr. Wampah had some good policies to his credit.
Though he says the retirement does not come as a surprise, he tells Citi Business News the achievements cannot be overlooked.
“For the positive sides, core function in the banking sector has expanded under his reign, the balance sheets of the banks from when he became governor to now have increased by some percentage. We have more universal banks than we did before he came so there are some positives that he has achieved.” Nana Otuo Acheampong noted.
By: Pius Amihere Eduku/citibusinessnews.com/Ghana