President Akufo-Addo has appointed Dr. Eric Nkansah as the new Director-General for the Ghana Education Service (GES).
His appointment was contained in a letter issued on Wednesday, October 19 by the Presidency and signed by Nana Bediatuo Asante, Secretary to the President.
“I am pleased to inform you that the resident has appointed you to act as the Director-General of the Ghana Education Service (the Service) pending receipt of the constitutionally required advice of the Governing Council of the Service, given in consultation with the Public Service Commission,” a portion of the letter read.
Dr. Eric Nkansah has fourteen days to either accept or reject his appointment as the new GES Director-General.
Prior to his appointment, he was the Technical Advisor/Director in charge of Tertiary Education at the Ministry of Education.
Dr. Eric Nkansah has over the last 13 years fervently worked as a banker, lecturer, researcher, and financial consultant. He was a Senior Lecturer at the Department of Banking Technology and Finance of the Kumasi Technical University.
He joined the University in 2012 and has since contributed significantly (in the area of teaching, research, programme development etc) to the development of the University. Before joining the University, he was the Sales Manager at the Krofrom Branch of Barclays Bank of Ghana (now Absa) where he worked for over five years.
He holds a PhD in Financial Economics; University of Zululand, South Africa (2015 – 2018), Master of Business Administration (Finance); KNUST Business School, Ghana (2008 – 2010); B.A (Hons) Economics; the University of Cape Coast, Ghana (2002 –2006).
Commenting on this, Dr Kwakye tweeted “Urgent interventions are needed to stop the haemorrhaging of the cedi.”
The BoG recently identified five key reasons for the woes of the local currency.
They were “The strength of the US dollar, Investor reaction to Credit Rating Downgrade, Non-Roll over of Maturing Bonds, The sharp rise in crude oil prices and impact on the Oil Bill, Loss of External Financing.”
The central bank went ahead to announce measures introduced to resolve the situation.
They were are the “Gold Purchase Program to increase foreign exchange reserves; Special Foreign Exchange Auction for the Bulk Distribution Company’s (BDCs) to help with the importation of petroleum products; Bank of Ghana is entering into a cooperation agreement with the mining companies to provide BOG with the opportunity to buy gold as when it becomes available.
“The Bank of Ghana is supporting the banking sector with foreign currency liquidity to help meet the demand for external payments. The recently approved USD750,000,000 Afrexim loan facility by Parliament, once disbursed, will boost the foreign exchange position of the country and help restore confidence.”
The recently signed 1.13billion dollar Cocoa Syndicated loan was also a measure to shore up the Cedi, the BoG added.
By Laud Nartey|3news.com|Ghana
THANK YOU for constantly reading our stories. Kindly like, comment and SHARE stories on all social media platforms for more entertaining updates!
TO GET YOUR EXCLUSIVE INFO PUBLISHED ONLINE?Call or WhatsApp our Editor on +233208291107/0242286239 for Your Massive promo. You can equally email your stories or articles to info@xpressghonline.com or fuzzygh2016@gmail.com and we’ll surely put them online at www.xpressghonline.com or www.smartghonline.com
