The Minority in Parliament has served notice that it will demand a probe of the GHC 60 billion loss recorded by the Bank of Ghana during the 2022 fiscal year.
The Caucus says the loss of the money ought to be investigated to unravel the circumstances leading to the loss.
Member of Parliament for Builsa South, Dr. Clement Apaak, noted that the Bank of Ghana’s statement explaining why it incurred a loss during the 2022 fiscal year demonstrates that the government was complicit in the affair.
He stated that, in addition to the governor and his deputies resigning, the house with oversight duty needed to investigate what caused the loss.
He said “Our call on Governors of BoG to resign is in addition to processes we are activating in Parliament to ensure accountability as far as the gargantuan loss of gh60B. The executive is complicit as the BoG’s own statement indicates. Thus, Parl is the body to publicly probe this matter.”
Following the Bank of Ghana’s response to their call for the governor and his deputies to resign, the Minority in Parliament fired back at Dr. Ernest Addison, governor of the Bank of Ghana.
The Minority has demanded the resignation of Dr. Addison and his deputies, levelling allegations of gross financial mismanagement within the Bank of Ghana.
But the BoG issued a statement rebuffing allegations of recklessness in their economic oversight and attributing the substantial financial setback to the government’s Domestic Debt Exchange, COCOBOD loans, and the devaluation of the cedi.
Dr. Apaak said his side is determined to ensure a probe of this unprecedented loss by the Bank of Ghana occasioned by the refusal by the bank to obey the Bank of Ghana Act.
He said the leader of the NDC in Parliament, Dr. Ato Forson, had made it clear that the Akufo-Addo/Bawumia NPP government connived with the Bank of Ghana to violate the Bank of Ghana Act, and in so doing, must be held to account on behalf of the people.
He posited that the Bank of Ghana is the bank of Ghanaians, its owned by Ghanaians. Therefore, the money lost as a result of its decision to yield to the illegal pressure by the Akufo-Addo/ Bawumia government to print money illegally to finance an expanded government expenditure instead of following the act, and thereby seeking parliamentary approval, cannot be excused.
Equally, the government doesn’t have the right to purport to write off debt it owes the Bank of Ghana, in principle, Ghanaians,” he added.
By: Rainbowradioonline.com/Ghana
