President Akufo-Addo Names New Central Bank Governor

Ghana's President Nana Akufo-Addo named senior monetary policy expert Ernest Addison as central bank governor on Thursday. The announcement comes a day after his predecessor resigned for personal reasons. Addison, who in the early 2000s was a leading architect of Ghana's monetary policy, worked as a lead economist at the African Development Bank. Akufo-Addo's young government seeks to stabilize national finances and review with the IMF the terms of a $918 million financial aid deal aimed at reducing inflation, public debt and the fiscal deficit.
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