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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
Accra’s creative industry is preparing for one of the most ambitious film projects in recent Ghanaian cinema as award winning filmmaker Big Ghun and acclaimed media personality and producer Doreen Avio officially open auditions for their upcoming feature film, Scarlett Unveiled.
The highly anticipated auditions will take place on Saturday, May 23, 2026, from 8:00 AM to 7:00 PM at MCB Studios, Lapaz Tabora, with actors of all ages invited to participate.
Presented by PB Studios Africa, Scarlett Unveiled is a bold and emotionally charged Ghanaian creative project.
The project is expected to resonate strongly with young audiences in Ghana and across the diaspora..
The production is being developed in collaboration with the Embassy of Switzerland in Ghana, which is supporting the project’s executive launch.
Renowned textile brand Woodin has also come on board as the official clothing partner, while MCB Studios is serving as a support partner for the audition process.
According to Big Ghun, known for directing internationally recognized projects such as Koro (One), Leaked, and Vibes the Movie, Scarlett Unveiled is designed to become a landmark cultural production that will travel from cinema screens to schools and global platforms.
Producer Doreen Avio, one of Ghana’s most respected media personalities and event hosts, says the project aims to discover both established and emerging actors who can bring authenticity and emotional depth to the story.
She added that “This is more than an audition,” the producers say. “It is an opportunity for talented individuals to become part of a one of a kind Ghanaian story with the potential to inspire audiences around the world.”
Interested participants are encouraged to come with a passport sized photograph and be prepared to showcase their talent and confidence before the casting team.
With an award winning creative team, respected institutional partners, and a story rooted in truth and transformation, Scarlett Unveiled is shaping up to be one of Ghana’s most significant cinematic undertakings in the coming year.
Parliament has confirmed that the Member of Parliament for Asante Akyem North, Kwame Ohene Frimpong, has been detained at Schiphol Airport in Amsterdam, Netherlands.
In a statement signed by the Clerk to Parliament, Ebenezer Ahumah Djietror, Parliament said the incident had been brought to the attention of the House leadership.
According to the statement, the Speaker of Parliament and the leadership of the House are currently in contact with Ghana’s Mission in The Hague to gather detailed information about the matter.
Parliament, however, did not disclose the reasons behind the MP’s detention.
“The public will be duly informed appropriately on this matter,” the statement added.
By: Jacob Aggrey
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