The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has shot down the call on him to resign from his position.
According to him, the call by the Minority for him to resign is unwarranted.
The governor speaking in an interview with international business news website, Central Banking, described the call as “completely unnecessary.”
“The Minority in parliament have many channels to channel their grievances in civilised societies, not through demonstrations in the streets as hooligans,” he said.
The Minority was joined by several other protestors who called on him to resign together with his deputies over the Ghc60 billion loss it recorded it the 2022 financial year.
But Addison rejected the claims by the Minority.
He also denied that he printed money to finance the lavish lifestyle of the ruling government.
He explained that the central bank provided monetary financing during 2020 and 2022 to meet specific crises, which he says is legal under the central bank law.
The Central Bank posted losses totalling GHC60.81 billion for the 2022 financial year as against a profit of GHC1.23 billion recorded in 2021.
The bank explained that this was recorded due to the domestic debt restructuring activities and the depreciation of the cedi, among other effects.
“The impairment of the bank’s holdings of debt, which led to the losses, was a conditionality for the IMF programme. Nobody at the Bank of Ghana forgave any debt.”
On the new headquarters, he said the project was started in 2019, and this was “when the bank was profitable and appropriated some of its profits for the new headquarters.” “It was not a decision taken during a crisis.”
By: Rainbowradioonline.com/Ghana
