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NDC calls for resignation of BoG governor over claims of mismanagement

by Newsroom
10 August 2023
in Business, Politics
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We’ll ensure Parliament probes Frimpong-Boateng’s report – Ato Forson
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The National Democratic Congress (NDC) has demanded for the resignation of Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), urging him to step down over allegations of mismanagement over the affairs of the central bank.

This call comes on the back of a recent revelation by the central bank the report, revealing a substantial loss of GH¢60.8 billion (equivalent to approximately $6 billion) and an alarming negative equity surpassing GH¢55.1 billion. It is in this light that the NDC is demanding for the resignation of the Governor

“In this regard, we call for the resignation of the Governor of the central bank and his deputies within 21 days from today,” it said.

The Minority Leader and NDC Member of Parliament (MP) for Ajumako Enyan Esiam in the Central Region, Dr Cassiel Ato Forson, made the call at a press conference dubbed the “Moment of Truth” series in Accra on Tuesday, August 10.

The party threatened to occupy the central bank if the governor and his team refused to vacate their positions after the 21-day ultimatum.

The NDC further alleged that the governor conspired with members of the Economic Management Team led by Vice-President Dr Mahamudu Bawumia and the Finance Minister, Ken Ofori-Atta, to illegally print money after the country got locked out of the capital market due to unsustainable debt obligations.

“In other words, the once prestigious Bank of Ghana, the mother of all banks in Ghana, has been bankrupted and collapsed by this NPP economic management team led by Dr Mahamudu Bawumia with the complicity of the Governor of the Central Bank,” Dr Forson stressed. 

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