After overseeing one of the most disastrous performances of the local currency, the cedi and the collapse of the hitherto booming national economy, Dr Henry Akpenamawu Kofi Wampah seems to have finally succumbed to the massive public outcry and is said to have acquiesced to retire.
Prior to his appointment at the bank, Dr. Wampah was the Director of the Research and Statistics Department at the West African Monetary Institute.
Read more: BoG governor to retire end of March
He also worked as the Head of the Research Department of Bank of Ghana from February 1996 to February 2001, as well as working with the International Monetary Fund.
Dr Wampah holds a Masters Degree and a Ph.D in Economics from McGill University, Montreal CANADA.
Dr Wampah took over as governor in an acting capacity in April 2013 from Vice President Paa Kwesi Bekoe Amissah-Arthur who was then the Governor of the Central Bank.
Pressure has been mounting on Wampah to resign following the arrest of his son-in-law, David McDermott, over his alleged involvement in drug trade.
President John Mahama in his State of the Nation address in February blamed the central bank governor for the microfinance crisis which monies of depositors were fraudulently used.
He is reported to have informed President John Mahama about his decision so as to allow his successor more time to settle in before the November polls.
There are two deputies to the Governor who also acts as the Executive Chairman of the Board of Directors.
Mr Millison Narh is the First Deputy and Dr. Abdul Nashiru Issahaku who is the second Deputy Governor.