Relatively long terms of office and the fact that the term of office is not renewable are integral parts of a central bank statute based on the independence of the persons appointed. Academic study and research have dealt extensively with this issue and emphasised the significance of the independence of the appointees.
Paul A Acquah: Developing an efficient capital market in Ghana Statement by Dr Paul A Acquah, Governor of the Bank of Ghana, at “The official listing of Ecobank Ghana (EBG) Limited’s shares on the Ghana Stock Exchange (GSE)”, Accra, 14 July 2006. *  *  *  Distingueshed guests, Ladies and gentlemen.