Ernest Kwamina Yedu Addison

Following the IMF's latest vote of confidence the President Finance Minister Ken Ofori-Atta and central bank governor Ernest Addison can now count on an additional $550m in World Bank financing including $300m in 'Development Policy Operation' (DPO) budget support funds to be followed – in the absence of adverse developments – by $600m in two DPO 'operations'...

The Bank of Ghana (BoG) under Governor Ernest Addison has reported losses of 61 billion cedis (US$6...

As the dust settles on the BoG's 2022 annual report and financial statement revelations of negative equity attributed to the 50% restructuring losses on the bank's holdings of government debt economists and critics continue to pour scorn on Bank Governor Ernest Addison's claims that the 'technical losses' resulting in negative equity are of minor importance – as long as the Bank retains 'policy solvency'...

Bank of Ghana Governor Ernest Addison reacted angrily after hundreds of protestors took to the streets of Accra on 3 October demanding that he and his two deputies resign over the loss of about 60 billion Ghanaian cedis (US$5...

Obtaining an IMF deal just 10 months after Ofori-Atta turned to the Fund in July 2022 has given President Akufo-Addo Ofori-Atta and influential central bank governor Ernest Addison a qualified boost to Ghana's economy...

Bank of Ghana governor Ernest Addison has allowed Ghana's 23 official banks until the end of April to report their 2022 audited financial statements and their full-year profits...

ACCRA'S ECONOMIC TRIUMVIRATE UNDER PRESSURE Of the three men running Ghana's economy finance minister and former investment banker Ken Ofori-Atta is blamed most for the latest meltdown but the other two – Vice-President Mahamudu Bawumia and Bank of Ghana governor Ernest Addison – are being pushed into the frame by politicians across party lines and civic activists as they intensify attacks on the government (AC Vol 63 No 22 Economic woes hit Akufo-Addo on all sides)...

Cedi keeps falling after Bank raises rates In fluent and understated banker-speak Ernest Addison Governor of the Bank of Ghana announced on 6 October that 'inflation remains elevated and the balance of risks is on the upside'...

Listening carefully to Bawumia would have been the Governor of the Bank of Ghana Ernest Addison who is known to differ with top members of the Economic Management Team...

HOW RUSSIA'S WAR HITS AFRICA'S TREASURIES Ghana's central bank governor Ernest Addison has bemoaned a massive increase in food price inflation to over 17% in February and on 21 March announced a major 2...

But central bank governor Ernest Addison and Finance Minister Ken Ofori-Atta will struggle to steer the economy towards the 6% growth target this year while controlling inflation boosting revenues controlling the fiscal deficit and managing the debt burden...