The Minority in Parliament has vowed to organise street protests to demand the exit of the governor of the Bank of Ghana, Dr Ernest Addison and his two deputies.
According to the Minority Leader, Dr Cassiel Ato Forson, the NDC MPs will stage a march to occupy the Bank of Ghana (BoG) if the trio do not step down after 21-days commencing from today, Tuesday, August 8, 2023.
Speaking at a press conference in Accra, the Ajumako-Enyan-Esiam MP said “We call for the resignation of the Governor of the Central Bank and his deputies within 21 days from today.”
“We are resolved to embark on popular action to occupy the Central Bank and drive out the team of inept, callous and criminal mismanagers of the finances of this country and Save the Bank of Ghana.”
“The March to Ensure Accountability will begin in 21 days if the Governor of the Bank of Ghana does not do the needful and pack bag and baggage out of that sacred institution that he has so desecrated. Dr Ernest Addisson Must Go! There has to be an end to impunity and it is now!”
Furthermore, Dr Forson criticized the decision of the Bank of Ghana’s leadership to invest $250 million (approximately GHC 2.8 billion) in a new Head Office building at Ridge, despite the bank’s alleged financial challenges. He labelled this decision as insensitive given the country’s troubled economic circumstances.
“The Governor and his deputies, have found it prudent and expedient to invest $250 million (GHC2.8 billion) on another Head Office building somewhere at Ridge. In our circumstances, this is the height of insensitivity in the management of the finances of a troubled country.”
“The BOG’s illegal printing of money is responsible for the depletion of Ghana’s external reserves which resulted in the unprecedented depreciation of the Cedi, the main cause
of hyperinflation in 2022.”
“It is important to state that the Governor breached section 30 (7) of the Bank of Ghana Act, 2012 (Act 612 ) and Section 60 of the Bank of Ghana Amendment Act, 2016 (Act 918).”
“An estimated 850,000 people were further reported to have been pushed down the poverty line as a result of the hyperinflation in 2022.”
