Kwesi Amissah-Arthur, a former deputy finance minister, is to replace Paul Acquah at the helm of the Bank of Ghana.
Acquah, who has headed the central bank since 2001, was expected to stand down when his second term expired on 30 September. He is held in high regard by the central banking community and has overseen the stabilisation of prices in the West African country. However, at 20.5% in the year to July, inflation is now at a five-year high.
Amissah-Arthur was the deputy finance minister un