Is the NDC currently attempting to run the Bank of Ghana?- Richard Ahiagbah

Bank of Ghana - Rapid News GH

The opposition National Democratic Congress (NDC) is employing propaganda to create distraction in regard to the party’s call for the resignation of the Governor of the Bank of Ghana and his two deputies, according to the New Patriotic Party’s (NPP) Director of Communications, Richard Ahiagbah.

Is the NDC currently attempting to run the Bank of Ghana? Is that the message they are trying to get across to us, that the Bank of Ghana cannot decide unless they consult the NDC? This entire activity by the NDC is a blatant diversion and proof that the NDC lacks a message, he claimed.

The governor of the Bank of Ghana (BoG), Dr. Ernest Addison, and his deputy governors have been called to resign by the opposition NDC. The NDC has called for accountability amid worries over the central bank’s administration and financial performance.

Dr. Cassiel Ato Forson, the Minority Leader, charged Dr. Addison of overseeing the Bank of Ghana’s mismanagement, which reportedly resulted in an enormous loss of GH60.8 billion during the 2022 fiscal year, at a news conference organized as part of the NDC’s “Moment of Truth” series.

Reacting to the NDC’s call in a radio interview on Accra based Citi FM, Richard Ahiagbah said it was a reflection of the NDC’s lack of ideas to help stabilise the economy.

He added that “The relevant message any political party should communicate now is how do we strengthen this recovery, how do we make this recovery long term, how do we turn the curve and remain on a path to growth?”

“The NDC must call another press conference on Wednesday, this one they have done is a mistake. They should call another and tell Ghanaians their ideas to ensure this economy continues to build forward that is where the conversation should go.”

He said the GH¢60.8 billion losses incurred by the Bank of Ghana in its 2022 fiscal year was not unique to Ghana, but something being experienced by other central banks as well.

“The NDC is aware that central banks all over the world are reporting significant losses. The Swiss bank is also owed, while the Bank of England is overdue on a debt that is recorded on their books. This is an incidence that is occurring everywhere. This is because all economies are attempting to recover from COVID-19 and the Russian-Ukrainian War, according to the NPP’s Director of Communications.

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