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Nana Addo keeps faith with Bawumia for 2012

Nana Addo keeps faith with Dr Bawumia

New Patriotic Party flagbearer Nana Addo Dankwa Akufo-Addo has maintained Dr. Mahamudu Bawumia as his running mate for the 2016 elections.

Joy News' Seth Kwame Boateng who reported the announcement from the NPP headquaters in Accra said Nana Addo made a 'strong case' for his decision to retain Dr. Bawumia during a meeting with the National Executive Committee (NEC).

He said the executives had no objection to the decision and rose with a unanimous endorsement. The occasion also coincides with the birthday anniversary of the flagbearer.

Though there were pockets of resistance against his candidature, Dr. Bawumia was tipped to be retained.

The former Deputy Governor of the Bank of Ghana and AFDB Country Representative of Zimbabwe returned to Ghana last Tuesday to push for the NPP 2012 Vice Presidential slot.

Following Bawumia's retention, an aid to the NPP flagbearer, Mustapha Hamid, told Joy News he was not surprised at the decision and stressed the need for the party to support the candidates ahead of the December elections.

Mr. Kwabena Agyepong, spokesperson to ex-president Kufuor, confirmed that the decision received unanimous acclamation.

The party would converge at the Police Park in the Northern Region on Friday for a Moslem thanksgiving and to formally outdoor the running mate.

CV of Mahamudu Bawumia


Jan. 2011- Mar.2012 Resident Representative, African Development Bank Group (Zimbabwe) . Responsible for AfDB relations with Zimbabwe, Research-Based Technical Advice to Government, Coordination with Donor Community, Oversight Responsibility for Administration of the Zimbabwe Multi-Donor Trust Fund. 

Oct.2009-Oct. 2010 Visiting Senior Research Associate, Centre for the Study of African Economies, Department of Economics, University of Oxford. Undertook research on Monetary Policy and Financial Sector Reform in Africa

Fellow International Growth Centre (IGC). Served as IGC Country Team Member for Sierra Leone. Also served as Advisor to Central Bank of Sierra Leone on redesigning the organizational structure of the bank and its monetary policy framework.

April-October 2009 Visiting Scholar, University of British Columbia,Liu Centre for Global Studies and Fisheries Centre.

Feb-March 2009 Consultant Economic Commission for Africa.Prepared a paper on Africa’s Position for the G20 London Summit. 

June 2006- Jan 2009 Deputy Governor, Bank of Ghana, Responsible for Monetary Policy, Financial Stabilty, and Payments System Reform 

June 2006-Jan 2008 Member of the Board of Directors, Bank of Ghana, Ghana International Bank (UK), Ghana Telecom, Revenue Agencies Governing Board, Social Security and National Insurance Trust. 

Jan. 2005- Jan, 2009 Chairman, Capital Markets Committee (Ghana) . Had oversight responsibility for putting together the strategy for Ghana accessing the international capital markets with a debut $750 million sovereign bond. 

Aug-Dec 2008 Vice Presidential candidate, New Patriotic Party in the December 2008 Ghanaian Presidential Elections. 

2001-2006 Head, Monetary Policy and Financial Stability Department, Bank of Ghana. Responsible to the analytical work leading to the setting up of the Bank’s Monetary Policy Committee (MPC) and oversight for technical work presented to the MPC. 

• Leader of Bank of Ghana technical team and part of Government Team that has negotiated with the World Bank and International Monetary Fund since 2001 through HIPC and PRGF. 

• Member of the Government of Ghana technical negotiating team on HIPC Paris Club and Completion Point Negotiations. 

• Member of Government team to negotiate the Millenium Challlege Account (MCA) compact with the U.S. Government. Was responsible for drafting the financial sector component of the compact. 

• Member of Government technical team on the deregulation of the petroleum sector in Ghana. 

2000-2001 Senior Economist, and Head of Economic Analysis, Bank of Ghana Research Department

1996-2000 Assistant Professor of Economics, Hankamer School of Business, Baylor University, Texas, USA

1994. Summer intern, International Monetary Fund. Washington. D.C. Research Department.

1988-1990 Lecturer in Monetary Economics, International Finance. Emile Woolf College of Accountancy, London, England.


1991 - 1995 Ph.D. in Economics Simon Fraser University, Burnaby, British Columbia., Canada

Specialization: Macroeconomics, International Economics, and Monetary Economics

1987- 1988 M.Sc. Development Economics University of Oxford , UK (Lincoln College)

1984-1986 B.Sc. Economics (First Class Hons.) University of Buckingham, UK

1982-1984 Chartered Institute of Bankers Diploma (A.C.I.B) –U.K
With distinction in Monetary Economics, Accountancy, Law and Banking Principles. Emile Woolf College of Accountancy, London, England

1975-1982 Tamale Secondary School – GCE O and A-Levels


“A Future Currency Regime for Zimbabwe”. African Development Bank Policy Brief. Forthcoming. 

Towards a Green Economy. Lead Author, UN Green Economy Report 2011.

Monetary Policy and Financial Sector Reform in Africa: Ghana’s Experience. Booklocker. 2010

“Africa and the Global Financial Crisis”. Paper presented at the American Economic Association Meetings. Atlanta, January 2010.

“The Emerging International Financial Architecture. Implications for Africa”. Paper prepared for the Economic Commission for Africa. March 2010. 

“African Perspectives on the G20 London and Pittsburg Summits”. Paper prepared for the Economic Commission for Africa. March 2010. 

“Africa and the G20 Summit”. Paper prepared for Economic Commission for Africa, March, 2009

“Overfishing and Piracy in Somalia” with Ussif Rashid Sumaila, University of British Columbia, Fisheries Centre Working Paper, October, 2009

Ghana’s Reforms Transform its Financial Sector” with Theresa Owusu and Arnold McIntyre, IMF Survey, May, 2008

“The Choice of Monetary Policy Regime in Ghana”, with Banjamin Amoah and Zakari Mumuni, Bank of Ghana Working Paper, July 2008.

“The Determination of Bank Interest Spreads in Ghana: An Empirical Analysis of Panel Data” with Martin Ofori and Franklin Belnye, Bank of Ghana Working Paper, September, 2005.

“Developing a Composite Indicator of Economic Activity in Ghana”, with Benjamin Amoah, Bank of Ghana Working Paper, February, 2004

“A simple Vector Error correction Forecasting Model for Ghana”, with Joseph Atta-Mensah, Bank of Ghana Working Paper August 2003

"Monetary Growth, Inflation and Exchange Rate Policy in Ghana"
Research Department, Bank of Ghana, Journal of the West African Monetary Institute, 2003.

“The Transmission mechanism for Monetary Policy in Ghana” with Philip Abradu-Otoo, Bank of Ghana Policy Paper, August, 2003

“The Determinants of Exchange Rates in Ghana”, with Zakari Mumuni. Bank of Ghana Working Paper. March, 2003

“The Feasibility of Monetary Union in West Africa”. Mimeo. Economic Commision for Africa. November 2002.

“Comparative Institutional Features of Different Common Central 
Banks” West African Monetary Institute. Mimeo. February, 2002.
“Designing an Exhange Rate Mechanism for the West African Monetary Zone”. West African Monetary Institute. Mimeo. February, 2002.

“Explaining African Economic Growth Performance: The case of Ghana” with Ernest Aryeetey and A. Fosu. Paper prepared for the African Economic Research Consortium. April 2001. 

"Why the Apparent Rush to Market Reform"? Journal of Economics, 1999.

"The Sequencing of Fiscal Reform during Structural Adjustment. Lessons from Ghana, Uganda, and Zimbabwe". Comparative Economic Studies, Vol. XXXVIII No.2/3 Summer-Fall 1996 

“A Closer Look at the Distributional Impact of Ghana’s Structural Adjustment Program (1983-1992). Journal of Modern African Studies. Vol. 36. No.1 March 1998.

“Estimating the Aggregate Values of Human Capital in Sub-Saharan Africa”, co-authored with Samuel A. Laryea. Review of Human Factor Studies. Vol. III No. 1. June 1997.

“Ecosystem justice and the marketplace”, 2000,p. 140 – 153 in Coward, H., Ommer, R., and Pitcher, T. J. (eds.), with Sumaila, U. R.. Fish ethics: Justice in the Canadian Fisheries. Institute of Social and Economic Research (ISER), Memorial University, St. John's, Newfoundland, Canada

"Africa, the Challenge of Development". Book Chapter in Stephen. Gardner's Comparative Economic Systems, Dryden, 1999. 

“The Human Factor in Japanese Economic Development.” Senyo B.S.K. Adjibolosoo (eds). International Studies of The Human Factor in Economic Development. Praegar,


2011 African Leadership Award, African Leadership Magazine. For Contribution to Economic Policy Reform in Africa. 

2007 Fellow of the Chartered Institute of Bankers, Ghana (FCIB) 

1999 Young Researcher Award: Baylor University, Texas, USA

1986 Sir Alan Peacock Prize. Best Economics Student, Department of Economics, University of Buckingham, UK.

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