The Minority are calling for the immediate resignation of the Governor of the Bank of Ghana Dr Ernest Addison.
According to a statement signed by Minority Leader Dr Cassiel Ato Forson, the BoG governor and his deputies have 21 days to leave office.
Failure to so do would see them embark on popular action to occupy the Central Bank and drive out the team of inept, callous and criminal mismanagers of the finances of this country and Save the Bank of Ghana.
"In this regard, we call for the resignation of the Governor of the Central Bank and his deputies within 21 days from today."
"The March to Ensure Accountability will begin in 21 days if the Governor of the Bank of Ghana does not do the needful and pack bag and baggage out of that sacred institution that he has so desecrated. Dr Ernest Addisson Must Go! There has to be an end to
impunity and it is NOW!"
He indicated that Dr Addidson just prints cash to support government’s spending.
“The Bank of Ghana does not have money but spending GHS250million for a new head office, which means he is printing additional money to finance this project,” Dr Forson said.
“This means the recklessness and mismanagement of the Governor of the Bank of Ghana has cost the nation twice what we are struggling and sacrificing to receive from the IMF amid major conditionalities”.
Beyond the mismanagement of the economy and our finances, the spectacular recklessness and ineptitude of the Governor and his team has called into question the wisdom of leaving him at the helm of affairs of the Central Bank.
Dr Forson’s comments follow the GHS60.8billion loss made by the BoG.
The Bank said this is due to the impairment of the Government of Ghana’s securities holdings of ¢48.45 billion, the impairment of loans and advances granted to quasi-government and financial institutions amounting to ¢6.12 billion and the depreciation of the local currency resulting in net exchange loss of ¢5.27 billion.
The loss was occasioned by the Government of Ghana Domestic Debt Exchange Programme.
Click here to read Minority's full statement