Former BoG Governor acquires 50% stake in Tamale City FC
The former Governor of the Bank of Ghana, Dr Abdul Nasiru Issahaku, has acquired a 50% stake in division one newbie's Tamale City FC.
Based in the Northern Region, the recently launched club - Tamale City FC - formerly known as Guan United and has other shareholders including former Ghana Football Association (GFA) chairman, Alhaji M.N.D Jawula Lepowura (owner of 10% shares of the club) and the founder of Engineers and Planners and brother of former President John Mahama, Ibrahim Mahama.
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Dr Issahaku (in yellow)
Dr Issahaku becomes the majority shareholder of the club and will be joined on the board by Messrs Jawula, Mahama and Executive Committee member of the Ghana Football Association Jones Abu Alhassan serving as the Chief Executive Officer of the club.
Alhaji Jawula at a ceremony to launch Tamale City FC said the new club will aid in fast-tracking the development of the Tamale metropolis especially if all the residents support the team.
He said: "In all this, resources and unity must work together. So please, let's come together and cut down the hate and the lies. When teams come to play in Tamale let's not do against the teams of Tamale because it doesn't help.
"We need to qualify to be in the Premiership for us to be noticed. For us to make the town exciting and for us to develop the town.
"Why do we spend so much money and effort to put up such an excellent edifice as the Tamale Sports Stadium and we do not have credible teams to come and play in it. We shall only be lucky to say the Black Stars play there but because the clubs themselves have not put luck in the Stadium the Black Stars cannot even win there," Alhaji Jawula said.
Dr Issahaku resigned from the Bank of Ghana on April 1, 2017. It’s unclear what led to his resignation but the Governor is reported to have cited personal reasons for the move.
Dr Issahaku was appointed Governor of the Bank of Ghana by former President, John Mahama in April, 2016 after his predecessor Dr Henry Wampah resigned.
He was the 14th person to have been appointed Governor of the BoG.
Prior to his appointment as Governor, he was the Second Deputy Governor of the BoG.
Profile of Dr Issahaku
Dr Issahaku is an International Development Economist with several years of experience in economic policy management and development, having worked with reputable international and local institutions including the World Bank as a Senior Public Sector Specialist; the African Development Bank as a Principal Governance Expert; the United Nations Economic Commission for Africa as a Development Management Officer; the Canadian International Development Agency as a Socio-Economic Advisor and Project Coordinator; and the National Development Planning Commission, Ghana as a Senior Planning Analyst.
Before his appointment as Governor of the Bank of Ghana, he was the Second Deputy Governor and Executive Board member with oversight responsibilities of nine departments including Economics, Statistics, Finance, Legal, Banking Supervision and Financial Stability.
He was Chairman of the Investment Management Committee of the Bank and a member of the Bank’s Monetary Policy Committee.
Dr Issahaku was a member of Ghana’s Economic Management Team. He chaired the Finance and Administration (F&A) Committee of the Ghana Cocoa Marketing Company and he was the Commissioner and Chairman of the F&A Committee of the Securities and Exchange Commission.
He was previously the Chief Executive Officer of the Export Development and Agriculture Investment Fund, which he restructured and helped restore to operational effectiveness before his appointment to the central bank in 2013.
Watch Dr Issahaku score a goal in an exhibition match for the BoG team last year (below);
