MAHAMA LEFT BOG GOVERNOR AND ME A ‘DERAILED IMF PROG., HIGHLY-IMPAIRED & STRAINED FINANCIAL INDUSTRY’ – Ken Ofori-Atta

The article comes amidst plans by the minority caucus of parliament to demonstrate against Dr Addison for “mismanaging” the central bank leading to a loss of GHS60.8 billion in 2022 with a negative equity of GHS55.1 billion.

The minority is also vexed by the decision of the bank to write off a GHS48.40 billion debt owed by the Akufo-Addo government without parliamentary approval.

Furthermore, the minority says the decision by the bank to use GHS250 million for the construction of a new headquarters, was insensitive to the times

On the new BoG HQ decision, however, Mr Ofori-Atta said: “The evidence is clear that decisions to build had already been made long before these ‘losses’ occurred”.

He noted: “It is important for us to support such a critical institution to modernise its operations and have a befitting office space for a country that hosts the AfCFTA and has a vision to become the financial services hub of the continent”.