
Audio By Carbonatix
The Governor of the Bank of Ghana will not retire a happy man if the comments by the New Patriotic Party Member of Parliament for New Juabeng South, Dr. Mark Assibey Yeboah is anything to go by.
Dr Kofi Wampah is taking a bow March ending, nine months earlier than he should have but Dr Assibey-Yeboah has no kind words for the retiring governor and he did not hide it.
On Joy News the MP minced no words in describing Dr Wampah's tenure as the worst in the most recent history of the bank.
Chronicling the tenures of Dr Paul Acquah who was adjudged the African Central Bank Governor of the year 2005, Dr Kwabena Dufuor, Dr. Kwasi Amissah Arthur, whose tenure saw the NDC government attain the longest single digit inflation, Mark Assibey Yeboah said Dr Wampah will no doubt score the lowest marks amongst the lot.
The retiring governor saw a number of challenges during his reign. The country's currency since 2012 suffered substantial depreciation to other currencies.
The currency was said to have depreciated by 31.2% in 2014. The measures taken by the governor, according to critics, were just as worse as the depreciation itself.

The Bank pumped some $20million into the economy to keep the currency from falling any further. The governor also announced a number of measures in an attempt to fight the swift depreciation.
"The regulations require all commercial banks in the country to quote a two-way pricing of currency exchange and limit the spread on corporate transactions to a maximum of 200 percentage points," one of the regulations read.
The regulations were not successful and the currency depreciated some more, but over the last few weeks it has experienced some stability.
Speaking to Joy News Dr Assibey Yeboah said Dr Wampah will best be remembered for depreciation of the currency and the infamous microfinance debacle which has led to thousands losing their investments in one of the biggest financial scams to have hit the country.
He said the core mandate of Bank of Ghana is to "keep inflation low," but the governor failed, adding that under Dr Wampah the Bank of Ghana "lacked credibility in the conduct of monetary policy."
He said if BOG under Wampah raised the moratorium on DKM, one of the microfinance companies involved in the scam, then the governor has to take responsibility for it.
He said Dr Wampah is "well trained" but did very little on the job as governor.
Latest Stories
-
Guggisberg Fiagbenu enters race for Central Tongu NPP Chairmanship in Volta region
20 seconds -
Today’s Front pages: Thursday, April 9, 2026
24 minutes -
“Black Stars have what it takes to win the World Cup” – Sports Minister Kofi Adams
51 minutes -
Bank of Ghana Governor to perform official tee-off at 3i Africa Invitational Tournament
1 hour -
Chamber of Bulk Oil Distributors urges caution amidst Special Prosecutor’s petroleum probe
1 hour -
NDC elections: Nat Tetteh eyes Eastern Regional Deputy Secretary position
2 hours -
Ablakwa highlights Ghana-France cooperation, praises Macron on reparatory justice
2 hours -
Protect people, not prices – Joe Jackson rejects fuel tax cuts and subsidies
2 hours -
Finance Ministry, BoG clarify false claims about Databank’s bond market specialist status
2 hours -
Lawyer petitions President to halt Terminal 2 refurbishment over value-for-money concerns
2 hours -
Sunyani Market traders urge government action amid surging ginger prices
2 hours -
Maphlix Farms to supply 3,000 tonnes to help bridge tomato deficit
2 hours -
Ho MP urges public access to officials’ asset declarations
2 hours -
Ecowas Bank for Investment and Development targets SMEs in Ghana with fresh funding for 2026
3 hours -
Two killed in Bosomtwe clash as residents demand increased security presence
3 hours