The National Democratic Congress (NDC), Ghana’s main opposition party has given three weeks ultimatum to the central bank governor and his deputy to resign.
The opposition Party has accused Ernest Addison of recklessness and mismanaging the bank, saying the bank illegally printed money and spent over $8.6million on travel expenses.
Denying the allegation, the bank attributed the losses to a domestic debt restructuring deal that was part of the conditions for securing a bailout from the International Monetary Fund.
Ghana is currently trying to navigate its way out of its worst economic crisis in a generation.
A recent annual report of the central bank indicated it recorded about $5.4billion in losses last year. The country’s inflation was put at 54% in December 2022.
In a reaction, the Communications Director of the New Patriotic Party, Richard Ahiagbah said the call by the opposition National Democratic Congress for the resignation of the Governor of the Bank of Ghana was not for the good of the nation nor would it proffer solutions for the development of the country..
He added that the 60 billion Ghana cedi losses incurred by the Bank of Ghana in its 2022 fiscal year was not unique to Ghana, but are being experienced by other central banks as well.
He added that the 60 billion Ghana cedi losses incurred by the Bank of Ghana in its 2022 fiscal year are not unique to Ghana, but are being experienced by other central banks as well.
The National Democratic Congress had on Tuesday also threatened to march to the premises of the Bank of Ghana to drag Dr Addison and his deputies from office if they fail to resign within 21 days.
