The Minority Caucus in Parliament has informed the Ghana Police Service of its intention to protest to demand the resignation of the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison and his two deputies from office.
The protest dubbed #OccupyBoGProtest will be the second protest by the minority demanding the resignation of the BOG Governor.
Members of the caucus staged a similar protest on October 3, 2023, after the Bank recorded a GH¢60.81 billion loss in the 2022 fiscal year.
In a letter to the Greater Accra Regional Police command, the Member of Parliament for Bawku Central, Mahama Ayariga said the protest will take place on Tuesday July 30, 2024 “between the hours of 8 am to 6 pm in Accra.
The Minority since 2023 raised concerns about the ongoing construction of the BoG’s new head office at North Ridge and the central bank’s illegal printing of money for the government without recourse to Parliament.
“The Governor of the Central Bank and his board continue to engage in wasteful spending on the new Bank of Ghana Corporate head office building and refuse to answer questions on the latest cost of the building which, we are told, has now further escalated to over Two Hundred and Seventy Million United States Dollars (USD$270 million) from its original estimated cost of USD81,882,640.00.
“The Governor again has embarked on the construction of a new house for the Governor himself at a speculated cost of Forty Million United States Dollars (USD$40million) and has refused to disclose to us the actual cost when the Minority wrote to him requesting the information on the cost of the Governor’s house under construction.”
“Governor Addison has acted illegally in printing money for government without recourse to Parliament and similarly wrote off about GH¢48.4 billion of government debt. After the BoG recorded a colossal loss of over GH¢60.8 billion and negative equity of over GH¢55 billion we concluded that the bank has become insolvent. This is now confirmed by the BoG request for recapitalization by Central Government,” the Minority’s letter added.
They are therefore demanding the resignation of the Governor, his two deputies and the members of the board of the Bank of Ghana.
See letter below
