The Minority in Parliament has accused the Bank of Ghana and the governing National Democratic Congress of legal violations following the NDC’s public unveiling of the Bank’s 2025 audited financial statements.
Speaking to the media in Parliament today, the Ranking Member of the Economy and Development Committee, Hon. Kojo Oppong Nkrumah, asserted that this action contravened Section 58 of the Bank of Ghana Act, 2002 (Act 612).
“Thursday, the National Democratic Congress held a press conference here in Parliament to announce the 2025 audited financial statements of the Bank of Ghana. We find this act not only inappropriate but also a blatant breach of the Bank of Ghana Act,” the Ofoase Ayirebi MP said.
He clarified that Section 58 requires the Bank to submit its audited accounts to the Minister of Finance within three months of the financial year’s end, after which the Minister must formally present the report to Parliament.
“Nowhere in the law does it say the Bank should hand over its audited accounts to a political party for a press conference before the Minister fulfills his statutory obligation,” Hon. Oppong Nkrumah stated.
The Minority further labeled the press conference, which featured non-parliamentarians within the legislative precincts, as an unlawful proceeding.
“What the NDC did yesterday, flanked by non-MPs, on the precincts of Parliament, was an illegality,” he said.
Hon. Oppong Nkrumah specifically cautioned Governor Dr. Ernest Addison and the Board against the perceived politicisation of the institution.
“The Bank of Ghana is not a political party. Its board is not the Majority Caucus. The audited financial statements of the central bank cannot be reduced to a political party’s press release.”
He emphasised that such actions jeopardize the central bank’s operational integrity and public trust.
“This dangerous politicization of the central bank threatens its operational independence and credibility. If this precedent is allowed to stand, it will create serious problems for the bank going forward.”
Concluding the address, the Minority demanded an immediate end to the practice and urged the Bank’s leadership to uphold their legal mandates.
“We are serving notice that this must stop. The Governor and the Board must respect the law and the independence of the Bank of Ghana,” Hon. Oppong Nkrumah concluded.
By: Rainbowradioonline.com/Ghana
