Dr Ernest Addison
Dr Ernest Kwamina Addison was appointed Governor of Bank of Ghana by the President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo in April 2017. Addison has spent over 25 years working in the public service, with a focus on Economic Development, Monetary Policy Formulation and Implementation, and Macroeconomic Surveillance.
Governor Addison has demonstrated strong leadership, management and policy skills, and inspired confidence and credibility both within the Bank and throughout the financial sector. Accordingly, his tenure as Governor was extended for another four years by the President in 2021.
Under his leadership, the Bank of Ghana has gained several plaudits in the pursuit of prudent monetary policies to achieve price stability, as well as the comprehensive financial sector reforms in 2017 to 2019. The reforms have since strengthened governance and supervisory frameworks, and repositioned the financial sector to undertake its primary role of financial intermediation.
These successes have won him and the Bank of Ghana many international and domestic awards, including the best Central Bank Governor of the year in Sub-Saharan Africa by the Global Markets and the best Central Bank of the year by the Central Banking Awards in 2020.
In addition to his Governorship role, Dr. Addison served as the Chair of the Board of Governors of the IMF and World Bank at the 2020 Annual meetings in Washington DC. He is currently a Co-chair, of the Financial Stability Board (FSB), a Regional Consultative Group for Sub-Saharan Africa, Chairman of the Board of Directors of the Ghana International Bank, and a member of the Ghana Cocoa Board, among others.
Addison holds a degree in Economics from the University of Ghana, a Master’s degree in economics and politics from Cambridge University and a PhD with specialisation in monetary economics and economic development from McGill University.t Lead Manager of the Ghana portion of the Ashanti Goldfields share offer, which resulted in the listing of the then AGC on the Ghana Stock Exchange. As Chairman of the National Communications Authority, the Ghanaian Telecommunications regulator from 2004 to 2009, they initiated the formulation of the first Long Term Mobile Licenses which reflected Best Industry Practice and met Global Telecom Standards.