Audio By Carbonatix
Ethiopia's central bank governor, Mamo Mihretu, said on Wednesday he was leaving government, having led the bank through deep reforms of the economy, including the flotation of the birr currency.
Prime Minister Abiy Ahmed appointed Mamo to head the National Bank of Ethiopia in January 2023. It was not immediately clear if he was stepping down voluntarily or had been asked to resign.
Under Mamo's stewardship, the NBE established more independence, opened the financial sector to foreign banks, and secured $10.5 billion in external financing, Mamo said in a statement posted on X.
Since coming to power in 2018, Abiy has been trying to liberalise Ethiopia's hitherto tightly controlled economy. The Prime Minister's office did not respond to requests for comment.
Mamo was leaving government after seven years in various roles to pursue other passions and tackle other challenges, he said.
Latest Stories
-
Ghana’s new envoy to U.S. and diaspora lawyers to launch ‘Law Day’ for citizens
5 hours -
Mahamud Iddi wins TCL Electronics worth GH¢100,000 in EGL’s Akye3de3 Kese3 Promotion
6 hours -
Lands Minister, NAIMOS mourn fallen soldier killed during anti-galamsey operation in Obuasi
7 hours -
Ghana Impact Project donates $20k to restore mobility for children
7 hours -
JoyNews’ Kwaku Asante named Best Radio and TV Journalist in Parliamentary Reporting
8 hours -
Education Ministry updates EMIS indicators to strengthen ICT integration in schools
8 hours -
Interior Ministry declares Christmas, Boxing Day and New Year’s Day public holidays
9 hours -
President Mahama directs Finance Ministry to disburse $78m for completion of Takoradi–Agona-Nkwanta road
9 hours -
Interior Minister lauds NIA staff for dedication, pledges continued government support
9 hours -
First Atlantic Bank will run a “proper and decent business” to protect shareholder value – CEO
9 hours -
First Atlantic Bank targets African expansion as IPO strengthens capital, governance
10 hours -
First Atlantic Bank CEO attributes IPO and GSE listing decision to renewed confidence in Ghana’s economy
10 hours -
GPL 2025/26: Bechem United end All Blacks 6-game unbeaten run
10 hours -
Eggs fly off shelves as shoppers throng The Multimedia Group’s X’mas Egg Market on final day
11 hours -
Bankable energy: Why Africa’s downstream sector is the next global investment frontier
11 hours