The main opposition National Democratic Congress (NDC) is demanding the resignation of Bank of Ghana (BoG) Governor Dr Ernest Addison.
Minority, led by Dr. Cassiel Ato Forson, has accordingly given the central bank governor and his deputies to resign within 21 days.
The group said it will embark on a “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,” if the trio fail to quit.
Addressing a news conference in Accra yesterday, Minority Leader Ato Forson claimed the BoG governor has run down the country’s economy “due to his incompetence”.
He also accused the central bank of building a new headquarters at the speed of light after the governor collapsed the country’s economy.
According to Dr Ato Forson, 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.”
The Minority leader further noted that the BoG 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.”
In the opinion of the minority caucus, “those who have so recklessly mismanaged the Central Bank and brought it to its knees cannot remain at the helm of affairs of the bank without being held accountable”.
Dr. Ato Forson who is also the Member of Parliament (MP) for Ajumako-Enyan-Esiam constituency in the central region concluded that “those who have by their reckless and criminal conduct unleashed economic hardship and financial distress on the suffering people of Ghana must be held to account. Impunity of the highest order can no longer be tolerated by the suffering masses of Ghanaians.”
