BoG set up is now a ‘crime scene’-Minority

Source The Ghana Report

The Minority Caucus in Parliament has labeled the current Bank of Ghana(BoG) set-up as a crime scene.

According to the caucus, the Central Bank’s excessive lending to the government in the past year is unacceptable.

Addressing participants at a public forum on Thursday, August 31 ahead of its OccupyBoG protest, the Member of Parliament for Bawku Central, Mahama Ayariga, said that though 2016 was a tough year fiscally and doubled as an election year, former President John Dramani Mahama did not have to borrow from the apex bank, but the current managers at the Central Bank are so engrossed in financial crime that they have turned the Bank into a crime scene.

“It is important to point out that, in 2016, on the watch of President John Mahama and notwithstanding that year’s general elections, the NDC government financed the entire budget without any support from the Bank of Ghana. The Bank of Ghana is now a crime scene and the managers of the economy led by Mr. Strategist aided and abetted this economic crime.”

The protest, which is scheduled to take place on September 5, 2023, is being organized by the Minority to protest against the Governor of the Bank of Ghana and his deputies, whom they believe have mismanaged the apex bank, and are calling for their resignation.

The Minority served notice that it would picket the Bank of Ghana’s head office on September 5 but the police urged the Caucus to use alternative routes for the planned protest.

However, the suggestion was rejected by the Caucus and an injunction was subsequently secured against the protest, but the Caucus remains adamant and has vowed to proceed with its plans.


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