The outgoing Governor of the Bank of Ghana Dr Paul Acquah started his leave today Tuesday September 1, 2009 prior to his retirement at the end of the month.
A send-off party was held for him Monday at the Central Bank, Joy Business sources have said.
Before a new Governor comes in October, Dr Kofi Wampah who is the first Deputy Governor will be acting.
Dr Acquah has been Governor for eight years spanning a period that the financial sector saw a number of significant changes.
They include the abolishing of the secondary reserves, the autonomy of the Central Bank backed by an act, reforms in the payment systems and recapitalization of banks.
His tenure also saw the reclassification of banking licenses which brought about the universal license regime and the license to operate a financial services centre.
The out-going Governor may not have all the time to enjoy his leave, as he has been placed on a four-man team to rescue the Tema Oil Refinery.
Dr Acquah will be succeeded by Kwesi Amissah Arthur, an economist. Amissah Arthur is a former Deputy Finance Minister in the early part of the first government of the National Democratic Congress (NDC).
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