“Price stability is my priority” – Dr Wampah declares after confirmantion

BY: Enoch Darfah Frimpong

An obviously elated Dr Wampah told the Graphic Online in an interview that significant progress has been achieved since the Central Bank formally adopted the policy in May 2007.

Among his key task would be to ensure an exchange rate stability and viable financial sector in the country, an assignment he says, he is up.

“It’s an honour and a challenge”, he said.

“It’s an honour because I can contribute to the President’s vision and challenge because, I have to support the Ministry of Finance a sound macroeconomic stability”, the newly confirmed Governor said.

Dr. Wampah took over of the central bank in acting capacity last year after his immediate boss Kwesi Amissah-Arthur was confirmed by Parliament as Vice President.

Dr Wampah’s Career

Dr. Henry Akpenamawu Kofi Wampah was appointed to the position of First Deputy Governor of the Bank of Ghana in May 2009.

Prior to his appointment as First Deputy Governor, Dr. Wampah was the Director of the Research and Statistics Department of the West African Monetary Institute (WAMI), responsible for the overall supervision and coordination of the work programme of the Department.

He supervised the planning and implementation of the Macroeconomic Convergence monitoring programme of the West African Monetary Zone (WAMZ), and was extensively involved in preparing the five member countries of the zone (The Gambia, Ghana, Guinea, Nigeria and Sierra Leone) for monetary union, in the areas of macroeconomic convergence and policy harmonization (monetary policy, statistics, fiscal policy and exchange rate management).

Dr. Wampah was the Head of the Research Department of the Bank of Ghana for five years from February 1996 to February 2001 until he went on secondment to WAMI, the release said.

He has served the Bank of Ghana in various capacities as Head of the Statistics Office and Head of the Public Finance Office of the Research Department.

Dr. Wampah began his career at the Bank of Ghana in September 1986 as a Deputy Manager and rose through the ranks to become a Director in 2006.

Whilst still with the Bank, he worked at the International Monetary Fund, Washington, DC as a Special Appointee from May to December 1998, with the Monetary Operations Division of the Monetary and Exchange Affairs Department and the Africa Department.

He has participated in the Technical Assistance Mission on Monetary Operations and Banking Soundness to the Gambia, and also worked on a project on economic integration in East Africa, it said.

Dr. Wampah has a background in teaching, having held various teaching appointments with McGill University, Montreal, Canada and the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Legon in the areas of economic statistics and mathematics.

The release indicated that he has participated in many international conferences and seminars and has authored a number of publications and working papers.

Dr Wampah obtained a B.A. (Hons) Economics and Statistics degree in 1977 from the University of Ghana, Legon. He studied for a Masters’ degree (1983) and a Ph.D (1986) in Economics with specializations in econometrics and public finance from McGill University. He had his secondary education at Hohoe E. P. Secondary School (GCE ‘O’ Level) and Konongo-Odumase Secondary School (GCE ‘A’ Level).

Story by Suleiman Mustapha/Graphic.com.gh