NDC Minority Caucus Demands Central Bank Governor’s Resignation Over Causing Loss to the State

The National Democratic Congress (NDC) Minority Caucus in Parliament has issued a stern ultimatum to the Governor of the Central Bank of Ghana, Dr. Ernest Addison, demanding his resignation within the next 21 days. The ultimatum was announced during a press briefing held on Tuesday, where the caucus accused the Governor of causing substantial financial losses amounting to $6.8 billion  at the central bank.

In a strongly-worded statement, Hon. Cassiel Ato Forson, the spokesperson for the NDC Minority Caucus, expressed their deep concern over the alleged financial mismanagement at the Central Bank of Ghana. He asserted that the $6.8 billion losses have had severe repercussions on the nation’s economy and cannot be ignored.

We have uncovered evidence suggesting that the current Governor’s actions or lack thereof have led to significant financial losses at the Central Bank of Ghana, Hon. Ato Forson declared during the press briefing. This mismanagement of funds has put an unnecessary burden on Ghana’s already struggling economy, affecting the lives of ordinary citizens.

The NDC Minority Caucus further accused the Governor of failing to implement adequate financial safeguards and effective measures to protect the country’s financial assets. They expressed their concern that such financial losses could have been avoided with proper oversight and competent leadership at the Central Bank.

We believe that the Governor’s continued presence in this role poses a threat to the stability of the country’s financial system, Hon. Forson added. Therefore, we call for his immediate resignation to ensure accountability and restore public confidence in the Central Bank.

The call for the Governor’s resignation has ignited a heated debate within the political landscape of Ghana. Some members of the ruling government have dismissed the allegations as politically motivated and baseless, urging the NDC Minority Caucus to provide concrete evidence to support their claims.

The Central Bank of Ghana, in response to the accusations, has issued a statement affirming its commitment to transparency and accountability. The bank assured the public that it will conduct a thorough investigation into the alleged losses to determine the veracity of the claims.

Ghana’s financial sector plays a crucial role in the nation’s economic stability and growth, and any controversies surrounding the Central Bank’s operations are closely scrutinized by both the government and the public.

As the 21-day ultimatum looms, tensions are expected to rise as the nation awaits the Governor’s response. The situation has drawn considerable attention from citizens, financial experts, and political observers, who eagerly await the outcome of the investigation and the potential impact on Ghana’s financial landscape.

The Governor of the Central Bank is yet to respond to the NDC Minority Caucus’ demands, leaving the nation in suspense as the political drama unfolds. The coming days are sure to be critical in determining the fate of the Governor and the future direction of the Central Bank of Ghana.

AMN | Anochie’s Report.