Second Deputy BoG Governor Resigns: Why Dr. Asiama Left 2 Years Before Retirement

2nd Deputy BoG Governor – The Second Deputy Governor of the Bank of Ghana, Dr. Johnson Asiama, has resigned. According to reports, Dr. Asiama took hid accumulated leave before his final exit from the bank by the close of this month.

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Dr. Asiama’s decision to resign is reported to have been communicated in the first week of December to some senior persons at BoG.

There are no further reports on why the deputy BoG governor resigned though it has been fingered as being political by some sources.

It has been widely speculated that Dr. Asiama was faced with disheartening challenges in working with the new government and some key senior persons at the BoG because he is perceived as an outsider.

These are however speculations and not facts although we hope to garner more information on the development.

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Having left with two more years to the expiration of his contract at the Bank of Ghana, Asiama’s resignation comes at a huge cost to the state.

If a settlement was reached to pay him off his monthly salary before the exit, he will be paid for the next 24 months as well as take all his entitlements.

When put to figures, this is equivalent to some very huge amount. This is why some stakeholders have called for the 2nd Deputy BoG Governor to serve the two years left on his contract.

Dr. Johnson Asiama

Dr. Johnson Asiama’s appointment by former President John Dramani Mahama took effect from April 5, 2016. He was born on May 5, 1968, and holds a Ph.D. in Economics from the University of Southampton, United Kingdom, and an MPhil in Economics from the University of Ghana, Legon.

Having joined the BoG in 1996 and rose through the ranks to Assistant Director until his appointment as Deputy Governor. Dr Asiama had served in various departments of BoG, namely the Banking Supervision Department, Financial Markets Department, Research Department and the Governors’ Department.

Between 2010 and 2013, he also served as Director of the Macro-economic Management Department at the West African Institute for Financial and Economic Management (WAIFEM) in Lagos, Nigeria.

There he designed and managed the capacity building programmes for staff of Central Banks, Ministries of Finance and other public sector institutions across the West African sub-region.