Minority demands clarity over Adongo’s dual roles on BoG board and finance committee

The Minority on Parliament’s Finance Committee is raising red flags over what it describes as a clear conflict of interest involving Parliament Committee Chairman Isaac Adongo, who also sits on the board of the Bank of Ghana (BoG).

In a statement dated May 16 and signed by Dr. Stephen Amoah, MP for Nhyiaeso, the caucus questioned the legality and ethical implications of Mr. Adongo holding both positions simultaneously.

Referencing Parliament’s Standing Order 228(2), the group emphasised that the Finance Committee is constitutionally tasked with monitoring the BoG’s foreign exchange receipts and payments and reporting to Parliament every six months.

“How can someone serve on the board of the Bank of Ghana and at the same time chair the committee meant to oversee it?” the statement asked.

The minority described the situation as a violation of the principle of natural justice—nemo judex in causa sua (no one should be a judge in their own cause).

The caucus further cited Article 184(1) of the 1992 Constitution, which mandates the committee to provide independent oversight of Ghana’s foreign exchange activities.

“This dual role compromises the independence of the committee and creates a structural conflict of interest,” the statement argued.

While acknowledging the financial logic behind some of Mr. Adongo’s recent public commentary, particularly on forex reserves, the Minority maintained that his actions go beyond the remit of a non-executive BoG board member.

“Even if the statement is financially sound, it oversteps his designated role,” the statement added.

The Minority is therefore calling for an urgent review of Mr. Adongo’s positions to safeguard public trust and protect the integrity of parliamentary oversight.