Bank of Ghana under governor Ernest Addison last year backed the government via its 10 billion cedi asset purchase programme and has chosen to hold the policy interest rate at 14...
In the financial sector the controversial bailouts of bank and non-bank financial institutions overseen by central bank governor Ernest Addison are now estimated to have cost over 21 billion cedis (US$3...
Akufo-Addo's key policymakers finance minister Ken Ofori-Atta and central bank governor Ernest Addison moved quickly at the start of the emergency in March with more social service funding and a request for finance from the International Monetary Fund...
His funding is a fraction of the banking bailout costs incurred last year as the Ernest Addison-led Bank of Ghana took action to restructure the sector...