The announcement from Colonel Mamady Doumbouya came after the creation of what the regime has described as an "inclusive consultation framework" in April.
The northeast African nation's already ailing economy has continued to tumble following the military coup in October that drew international condemnation.
The military carried out torture, murder, and other crimes against civilians following the February 1 coup, the human rights group Fortify Rights and Yale Law School's Schell Center said in a report.
Myanmar military has deliberately targeted civilians, many of whom have been shot in the head, burned to death and arbitrarily arrested since February 1 coup, says a new UN human rights report.
The inauguration of Lt Col Paul Henri Sandaogo Damiba as president comes about three weeks after he led a military coup to overthrow elected head of state Roch Marc Christian Kabore.
In the last 12 months, the African Union suspended four countries - Mali, Guinea, Sudan and Burkina Faso - over military coups.
An 11th corruption charge has been filed against ousted Myanmar leader Aung San Suu Kyi, state-run media reported.
West African leaders opt not to impose further sanctions, demanding instead a timetable for a swift return to civilian rule in the African country.
President Umaro Sissoco Embalo says "many" members of the security forces have been killed in what the African Union and a regional bloc called an "attempted coup."
Rampant killings of civilians, arbitrary detentions and crackdown on dissent have become a commonplace of public life in Myanmar, rights groups say.
Houthi missile attack came on the same night that Israeli president met with Abu Dhabi's Crown Prince on his first official visit to the UAE as the country's head of state.
New military leader Paul-Henri Damiba promises normalcy and security to farmers and herders in Africa's Sahel nation, saying he will retake control of those areas dominated by insurgents.
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