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BoG has printed ¢22b without parliamentary approval – Ato Forson alleges
Former Deputy Finance Minister, Dr. Cassiel Ato Forson has accused the government of encouraging the Bank of Ghana to print an amount of GH¢22 billion without Parliamentary approval.
According to him, the fresh currency notes were printed between January and June 2022.
The information, according to Dr Forson, is hidden on page 97 of Appendix 2a of the Mid-year budget under the section on Bank of Ghana.
“They have printed GH¢22 billion fresh money without the knowledge of Parliament and without informing all of us,” he said while addressing the press on Monday.
The Ranking Member on the Finance Committee of Parliament said the act is illegal and against the Bank of Ghana Act.
He indicated that the printing of the currencies has contributed to the rise in inflation, adding that “if this trend continues I won’t be surprised that we will end the year with inflation of about 50 percent.”
“I am saddened, no wonder inflation is galloping, no wonder that our reserves position is dwindling. Because when you create new money out of the thin air, what happens is that inflation will go up and obviously because it is new money, you will end up losing your reserves because there would be new consumption,” he said.
As a result, he urged the Minister to return and deliver a new mid-year budget since the omission of the GH¢22 billion cedis is pervasive and scandalous.
He also had a word for the Governor of the Bank of Ghana.
“I want to urge the Governor of the central bank that he has engaged in gross illegality and in future if he is asked to print money, he should first come to Parliament before he acts.”
Source: www.myjoyonline.com
Four tricycle operators, popularly known as ‘Pragya’, have been prosecuted and fined GH¢600 each equivalent to 50 penalty units by the Accra Metropolitan Assembly (AMA) Sanitation Court for obstructing public roads at the Agbogbloshie Market.
The offenders, who were arrested by Public Health Officers of the AMA during a routine enforcement exercise, pleaded guilty to the offence and were subsequently convicted by the court.
The four operators were among the 21 offenders recently arrested at the Agbogbloshie Market for various sanitation and public order violations, including selling on open drains, obstructing walkways, and trading at unauthorised locations.
Speaking after the court proceedings, the Head of Public Health at the AMA, Madam Florence Kuukyi, said the court was lenient with the offenders since it was their first appearance, hence the fine, and warned that subsequent offenders would face stiffer penalties, including imprisonment.
The Ghana Police Service has arrested a man believed to be behind a series of robberies and killings of taxi drivers in the Greater Accra Region.
According to a statement from the Criminal Investigation Department (CID), the suspect, Peter Akakpo, also known as “Dompe,” was arrested on October 13, 2025, at Kasoa-Domeabra.
Police say he is an ex-convict and is believed to have worked with another suspect, Vincent Gbetorglo, who was arrested earlier on June 30, 2025.
The arrests follow investigations into the deaths of two taxi drivers at Sakaman Blue Lagoon on May 9 and June 15, 2025. Police say the suspects contacted the victims before the attacks.
The Anti-Armed Robbery Unit of the CID led the investigation, using intelligence and surveillance to track down the suspects.
Police say efforts are being made to recover the vehicles of the murdered drivers.
The CID assured the public that investigations are still ongoing and promised to provide updates as new information emerges.
By: Jacob Aggrey
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