It’s worrying – BoG Governor on individuals keeping large sums of foreign currencies at home

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, is concerned about the tendency on the part of individuals to keep large volumes of foreign currencies in their homes.

Commenting on the alleged report that the immediate past Minister of Sanitation and Water Resources, Cecilia Dapaah, kept over one million dollars in her bedroom, Dr Addison said: “It is a worry to all of us, but it is a matter in court, so there is not much to say about it.”

He made the comments during the 113th Monetary Policy Committee on Monday, July 24.

Meanwhile, the Office of the Special Prosecutor has confirmed that Madam Cecilia Dapaah has been arrested over suspected corruption.

In a statement, the Special Prosecutor disclosed that “At 11:55 GMT on 24 July 2023, Cecilia Abena Dapaah, who resigned from the position of Minister of Sanitation and Water Resources on 22 July 2023, was placed under arrest by the Office of the Special Prosecutor (OSP) in respect of suspected corruption and corruption-related offenses regarding large amounts of money and other valuable items reportedly stolen from her residence.

Her arrest comes after the office of the Special Prosecutor was inundated with numerous reports, urging the immediate investigation of a significant sum of money stolen from the premises of the former Minister.

Madam Cecilia Dapaah announced her resignation on Saturday, July 22, 2023. The resignation followed revelations that her house helps had allegedly stolen substantial amounts of both foreign and local currencies from her residence in Accra.

Two house helpers, 18-year-old Patience Botwe and 30-year-old Sarah Agyei, are facing charges before an Accra Circuit Court for their involvement in the theft.

It is alleged that they stole an astounding sum of $1 million, €300,000, and a substantial amount of Ghana cedis from Madam Dapaah’s residence at Abelenkpe, Accra, during the period between July and October 2022.