The Governor of the Bank of Ghana, Dr. Henry Kofi Wampah, will officially\u00a0exit office today [Thursday], after three years in charge of the central bank.<\/p>\n
Dr. Wampah announced on Tuesday that he will step down on Thursday<\/a><\/strong><\/span>, five clear months before his tenure ends.<\/p>\n [contextly_sidebar id=”XbPk676rbGhDirv8SfOLx9ih3KAwQC43″]He has been criticized for overseeing the continuous depreciation of the cedi and his failure to check the mushrooming of dubious micro finance companies.<\/p>\n Some industry players have also jumped to his defense and said executed his mandate creditably.<\/p>\n His early exit has however caused political watchers to put a spin on the decision with some claiming he was forced out.<\/p>\n But a former Deputy Governor of the Central Bank, Emmanuel Asiedu Mantey, thinks Dr Wampah took the right decision.<\/p>\n \u201cHonestly I don\u2019t see anything peculiar. If I read the explanation right, what he said was that he had accumulated leave so he decides to take accumulated leave prior to retirement, there is nothing unusual about that. He could have waited till August and decide to go on retirement in which case the bank would have paid him money for the leave that he didn\u2019t take or he has a choice to take the leave prior to retirement which is what he has done.\u201d<\/p>\n On why the Dr. Wampah would want to exit the apex bank in\u00a0a crucial election year, Mr. Mantey said \u201cI\u2019m not in his mind and I don\u2019t know why he is linking his retirement to an election. That I don\u2019t understand and I don\u2019t intent to hazard any guess.\u201d<\/p>\n I\u2019ve no sour relationship with Wampah\u00a0<\/strong><\/p>\n