The Minority Leader, Dr. Cassiel Ato Forson is alleging that the government will soon introduce a Bank of Ghana (BoG) recapitalization levy for Ghanaians to pay.
The lawmaker claims this forms part of the lives to save the bank from collapsing following the recent announcement of the bank recording over Ghc50 losses for the 2022 financial year.
Dr. Forson said the new tax will help recapitalize the central bank since it is bankrupt.
He was speaking to journalists on Tuesday, August 8, 2023, at a press conference where the NDC gave the central bank’s governor Dr. Ernest Addison and his deputies to resign in 21 days.
“The IMF has made offers to assist the Government to develop a plan for the recapitalization of the Central Bank. That is why paragraph 18 of Ghana’s Memorandum of Economic and Financial Policy (MEFP) sent to IMF stated this fact. Let me assure you that very soon, Ghanaians will be made to pay for Bank of Ghana recapitalization levy, a tax to recapitalize the Bank of Ghana, because the central bank has collapsed virtually,” the Minority Leader said.
He also slammed the bank for investing $250 million in building a new head office while the bank struggles to stay afloat.
“Perhaps the more troubling fact is that, having brought the Bank of Ghana to this terrible financial state, 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”.
By: Rainbowradioonline.com/Ghana
