Years ago some Ghanaians lost their businesses and wealth through the defunct banks in the country. Before Dr. Ernest Kwamina Yedu Addison was appointed Governor of the Bank of Ghana by the President of the Republic of Ghana Nana Addo Dankwa Akufo-Addo in April 2017, some Ghanaian bank and credit unions were operating without the requisite procedures but after his appointment he worked with tirelessly with the economic management team to curb the menace, he was able to put in place measures that restored confidence in the Ghanaian banking sector.
The clean up system was introduced, which help the central bank to clear financial institutions which were not complying with the Bank of Ghana rules and regulations, also banks with weak financial muscles were merged with other banks to achieve robust system of banking. For instance Ghana was able to have Consolidated Bank Ghana which is doing well in the system.
Dr Ernest Addison won the Central bank Governor of the year for the Sub Saharan African in the year 2020, after most of the achievements he chalked in the financial sector, Ghanaians regain confidence in the banking sector and since that time there has been no record of banking collapse in the financial sector and this shows how dedicated and experienced when it comes to managing our banking system.
Asokwa Constituency 1st Vice Chairman and NPP Communication Member.