BANK OF GHANA ACT - 2002 (ACT 612)

    Section - 17 - Appointment of Governor and Deputy Governors

    (1) The Governor and the two Deputy Governors shall be

    (a) persons of recognised financial or banking experience; and

    (b) appointed by the President acting in consultation with the Council of State.

    (2) The Governor and the Deputy Governors shall each be appointed for a term of four years each and each one is eligible for re-appointment.

    (3) Unless otherwise permitted by the Board in writing, the Governor and the Deputy Governors shall not, while holding office under this Act, occupy any other office or employment whether there is remuneration attached to it or not.

    (4) Notwithstanding subsection (3), the Governor or a Deputy Governor may, with the approval of the Board,

    (a) act as a member of a commission appointed by the Government to enquire into a matter affecting currency or banking;

    (b) act as a member of the board of an international bank or an international monetary authority or any other institution to which the Government gives support.

    (5) Subject to the Constitution and this section, the Governor and the two Deputy Governors shall be appointed on terms and conditions determined by the Government.

    (6) The two Deputy Governors shall be designated as First Deputy and Second Deputy Governor respectively.