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Minority to submit petition for removal of BOG Boss
The minority in Parliament are seeking the availability of Bank of Ghana Boss, Dr.Ernest Addison to submit a petition for his removal.
In a press statement released by the Minority, “We also demanded that your two Deputy Governors and the entire board of the Bank of Ghana resign from their posts.”
They went on to add “Before the protest march, we had made it abundantly clear to the people of Ghana that handing over our petition to you personally was also a part of our demands. But you failed to show up at the terminating point of our protest march to receive our petition.”
Subsequently, we informed you through the news media that we shall come back to present our petition for your resignation and that of your deputies to you personally.
Below is the full statement
On 3rd October 2023, Honourable Members of the Minority Caucus in Parliament, backed by some civil society groups and hundreds of thousands of Ghanaians, peacefully marched to the precincts of the Bank of Ghana head office to demand your resignation as Governor of the central bank.
We also demanded that your two Deputy Governors and the entire board of the Bank of Ghana resign from their posts.
Before the protest march, we had made it abundantly clear to the people of Ghana that handing over our petition to you personally was also a part of our demands. But you failed to show up at the terminating point of our protest march to receive our petition.
Subsequently, we informed you through the news media that we shall come back to present our petition for your resignation and that of your deputies to you personally.
We therefore write to request your availability at the premises of the Bank of Ghana head office for the Honourable Members of the Minority Caucus in Parliament to hand over our petition to you personally. Kindly inform us by Monday, 18th December 2023, a date and time convenient to you for us to present our petition to you at the Bank of Ghana head office.
To refresh your memory, our reasons for demanding that you resign from your post include the following:
1. You have failed woefully to use monetary policy to check inflation in the country which at one point stood at over 50%. You have equally failed to check the depreciation of the Ghana Cedi.
2, You have supervised the collapse of the financial sector of the country resulting in all banks posting colossal losses In 2022. Interest rates hikes have made Ghana unattractive for businesses to spend and create jobs. Many businesses have collapsed.
You have horribly mismanaged the Bank of Ghana and the annual financial statement of the Bank of Ghana for 2020″ revealed that the BoG lost a colossal sum of GHS60.8 billion and has negative equity of GHS55.1 billion,
4, As a result of your mismanagement of the Bank of Ghana, the Bank cannot in the medium term be relied upon to carry out its role as banker of last resort for government and the banking sector, prompting the Finance Minister to request Parliament to approve a sum of $750 million to support the ailing banks.
5. Your unprecedented mismanagement of the central bank has resulted in the insolvency of the Bank of Ghana itself and this became obvious in your own annual financial statement.
6. There is evidence of wanton dissipation of the Bank of Ghana’s resources through a series of wasteful and extravagant procurements, including the contract for the construction of the new Bank of Ghana Head Office building at Ridge in Accra.
7. Contrary to the Bank of Ghana (Amendment) Act, 2016 (Act 918), you illegally and excessively printed the sum of GHS80 billion (evidenced by paragraph 2 of the Memorandum of Economic and Financial Policy) which caused the depletion of Ghana’s external reserves of $6.3 billion, and resulted in the unprecedented depreciation of the Cedi as it fell from GHS6/$1 to over GHS15/$1 while inflation rose to hyper levels of 54.1% in 2022; and
8. Following your ineptitude and unprecedented mismanagement of the Bank of Ghana, you have pushed over one million Ghanaians into extreme poverty and must be thus held accountable.
For these reasons, we continue to call on you, your deputies and your entire board to resign to enable the President to appoint a new leadership at the central bank to undertake the needed restructuring of our financial sector to resuscitate the country’s finances.
We hope to hear from you by 18th December 2023 regarding your availability at the Bank of Ghana premises to personally receive our petition.
Thank you.
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Focus on more pressing issues like Galamsey, not hate speech – Ellen Ama Daaku to Mahama
An aide to former Vice President Dr. Mahamudu Bawumia,Ellen Ama Daaku has advised President John Dramani Mahama to shift his attention from social media hate speech to more urgent national issues such as illegal mining.
Speaking in an interview, she noted that the President’s recent comments about tracking the IP addresses of people who spread hate speech were unnecessary.
According to her, President Mahama must first define what he considers to be hate speech before seeking to punish people for it.
Ms. Daaku argued that the President himself had benefitted from hate speech and social media attacks in the past when he was in opposition.
She said even during his time in government, he described his opponents and their tribesmen in unpalatable terms, which later drew complaints from former President Nana Akufo-Addo to the Catholic Bishops’ Conference.
She stressed that harsh criticism of leaders on social media should not automatically be considered hate speech, adding that former leaders, including former President Nana Akufo-Addo had all been subjected to it.
“He is only feeling what Nana Akufo-Addo went through for eight years,” she remarked.
While acknowledging the need to regulate misconduct online, Ms. Daaku insisted that going after social media activists should not be a priority.
She noted that many political activists, including herself, had been insulted and attacked online but never called for arrests.
She concluded that President Mahama should focus his energy on solving pressing problems such as galamsey and the economy instead of concentrating on critics on social media.
By: Jacob Aggrey
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Prof Alidu Seidu files nomination for Tamale Central seat
The newly elected parliamentary candidate of the National Democratic Congress (NDC) for Tamale Central, Prof Alidu Seidu, has submitted his nomination forms to the Electoral Commission.
As of 10:00 a.m. today, he was the only person who had filed to contest the seat.
Nomination of candidates will close at the end of the day.
Associate Professor and Head of the Political Science Department at the University of Ghana Legon, Prof. Alidu Seidu won the National Democratic Congress (NDC) parliamentary primaries in the Tamale Central constituency with a landslide victory.
The elections, supervised by the party’s Elections and IT Directorate in the Northern Region, saw Prof. Seidu poll 840 votes out of the total valid ballots cast.
His closest contender, Lawyer Hanan Gundadow Abdul-Rahaman, secured 536 votes.
The other aspirants could not make significant gains, with Dr. Seidu Fiter obtaining 44 votes, Aliu Abdul-Hamid 23 votes, and the rest recording fewer than 10 votes each.
In all, 1,500 ballots were cast, with 6 ballots rejected and 7 spoilt ballots recorded.
The results were signed and declared by Dr. Arnold Mashud Abukari, NDC Northern Regional Director of Elections and IT.
The National Democratic Congress (NDC) held parliamentary primaries in Tamale Central to choose a candidate for the upcoming by-election following the death of the sitting Member of Parliament, Dr. Ibrahim Murtala Mohammed. Dr. Mohammed, who also served as Minister for Environment, Science, Technology and Innovation, tragically died in a military helicopter crash in the Adansi Akrofuom District on August 6, 2025, alongside seven others.
His passing left the Tamale Central seat vacant, as required by Ghana’s 1992 Constitution.
The Electoral Commission has scheduled the by-election for September 30, 2025. While the NDC moved quickly to open nominations and vet aspirants, the New Patriotic Party (NPP) announced it would not contest the seat, citing the need to respect the somber circumstances and promote national unity.
By: Jacob Aggrey
