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Second Deputy BoG Governor resigns

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Business News of Monday, 11 December 2017

Source: Myjoyonline.com

2017-12-11

Johnson Asiamah Deputy GovernorDr Johnson Asiama

The Second Deputy Governor of the Bank of Ghana, Dr Johnson Asiama has resigned.

Sources say he has taken his accumulated leave leading to his exit from the bank by the close of this month.

Dr Asiama’s decision to move on was communicated in the first week of December to some senior persons at BoG.

It is not clear for now what might have influenced Dr Asima’s decision to move on or step down from that position, but sources say challenges in working with the new government and some key senior persons at the BoG because he is perceived as an “outsider.”

According to sources, Dr Asiama was pushed out, even though he was personally willing to work with the current administration in his professional capacity, until his term expires in April 2020.

Some of his colleagues at the Central say this action was expected especially with a change in government.

But persons close to him have rejected this argument saying questions about his ability to properly supervise the commercial banking space, believed to be one of the reasons for pushing for his exit, are unfounded.

Cost of Dr Asima push on public purse

With Dr Johnson Asiama left with two more years to the expiration of his contract at the Bank of Ghana, his resignation comes at a huge cost to the state.

If a settlement was reached to pay him off his monthly salary before the exit, he will be paid for the next 24 months as well as take all his entitlements.

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