The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has been selected to represent Ghana as Chairman of the Board of Governors of the International Monetary Fund (IMF) and the World Bank Group for 2020.
The selection took place at the 2019 Annual Meetings Plenary of the IMF and the World Bank Group in Washington DC, USA, last Friday.
The chairmanship is selected on a regional rotation basis each year and 2020 is the turn of Africa.
Dr. Addison will preside over the 2020 plenary and other committee responsibilities. He takes over from Aiyaz Sayed-Khaiyum, the Fijian Attorney-General and Minister for Economy, Civil Service and Communications.
Dr Addison will among other things, chair other functional committees of the two institutions. He will chair the Joint Committee on Renumeration of Executive Directors and their Alternates as well as chair the Joint Procedure Committee.
His duties will also include the appointment of two other committee members, on the recommendations of the President of the bank and the Managing Director of the fund, reviewing briefing papers and convening meetings of the committee. Dr. Addison will conduct the 2020 Annual Meetings Plenary in the presence of delegations from the 189 member countries and presentation of speeches on the global economy.