Demanding Resignation of Bank of Ghana’s Leadership: NDC’s Assertive Move. In an assertive move, the opposition National Democratic Congress (NDC) is calling for the resignation of Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), as well as his deputies, from their current positions.
Ultimatum and Potential Action
The NDC has issued a warning, stating that if these officials do not step down within the next 21 days, the party will lead a demonstration to the premises of the Bank of Ghana with the aim of forcibly removing them.
The Bank’s Substantial Loss in 2022
During the fiscal year of 2022, the Bank of Ghana incurred a substantial loss amounting to GH¢60.8 billion.
Allegations Against Dr. Addison
As part of the NDC’s “Moment of Truth” series, Ato Forson, the Minority Leader, accused Dr. Addison of mismanagement that ultimately necessitated an IMF bailout.
The Call for Resignation
Forson stated, “Given these circumstances, we formally request that the Governor of the Central Bank and his deputies resign from their positions within the next 21 days, starting today.”
Planned Public Action
The NDC emphasizes its commitment to take public action by occupying the Central Bank’s premises and removing the team deemed responsible for incompetence, indifference, and unethical financial practices. The party believes that these practices have endangered the country’s finances and the integrity of the Bank of Ghana.
Deadline for Action
If the Governor of the Bank of Ghana fails to take necessary steps and vacate his position, the NDC’s “March to Ensure Accountability” will commence in 21 days. The party’s resolute declaration is clear: “Dr. Ernest Addison Must Depart! The era of impunity must come to an end, and that time is now.”
High Cost Incurred
The party further highlights the outcome of the situation, asserting that the negligence and poor management displayed by the Governor of the Bank of Ghana have resulted in a cost to the nation twice as much as the assistance sought from the IMF. Despite the significant conditions attached to the IMF assistance, the Bank of Ghana’s leadership has led the nation down a perilous path of financial wrongdoing.
Demanding Resignation of Bank of Ghana’s Leadership: NDC’s Assertive Move
The NDC’s demand for the resignation of the Bank of Ghana’s leadership is underpinned by concerns over financial mismanagement and its impact on the nation’s welfare. The party is determined to take necessary action to ensure accountability and protect the country’s financial integrity.