Some financial sector players have described as a huge loss to the industry the demise of former governor of the Bank of Ghana, Paa Kwesi Amissah-Arthur.
The industry players who expressed grave sadness at the news, also believe the Former BoG Governor had much more to offer before his untimely death.
Paa Kwesi Amissah-Arthur was a former Vice President. He died at the 37 Military Hospital today [29th June, 2018].
Expressing his fondest memories of him when he was the governor, economist, Daniel Amarteye Anim described Amissah-Arthur as a man who worked to stabilize the banking industry during his term.
“He has contributed his quota as a governor of the Bank of Ghana. During his tenure he was able to help regulate the macro environment of our economy within his capability with the support of the team at that time,” Mr. Amarteye said.
He added that “Amissah-Arthur was the type that was very calm. What I know about him is his ability to work with the team. He has worked hard so that the macro fundamentals of this economy were fairly sound to enable the country to grow”.
On his part, the Chairman of the Council of the Ghana Union of Traders Association (GUTA), Dr. Barima Yaw Ofori I reminisced his contribution to the decline in inflation during his tenure.
“As I have known Kwesi Amissah-Arthur he was very quiet and an unassuming person even as he entered politics. Everybody has positive and negative attributes but I believe his positives are more than the negative. During his time he managed to bring the policy rate down to 15 person. If for nothing at all, for the economy it was a positive contributing factor,” he said.
Amissah-Arthur in the financial world
Mr. Amissah Arthur was an economist.
He was appointed as Governor of the Bank of Ghana in October 2009 by then President John Atta Mills.
He served as Governor of the Bank of Ghana from 1st October 2009 to 6th August 2012.
During his tenure, he managed to bring the policy rate down to 15% from the 18.5 percent he inherited.
From 1983 to 1986, Amissah-Arthur served as a special assistant to the Secretary of Finance and Economic Planning, Kwesi Botchwey under the Provisional National Defense Council (PNDC) government.
He also served as the Deputy Secretary for Finance in the PNDC government from February 1986 to March 1993.
From April 1993, he continued as the Deputy Minister for Finance under the Fourth Republic’s first government until March 1997.
Mr. Amissah-Arthur was 67 years.
Source: Citi Business News