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Ghanaians deserve at least two-thirds refund – Franklin Cudjoe on BoG’s losses
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Founding President of IMANI-Africa Franklin Cudjoe says the Governor of the Bank of Ghana and his two deputies should not only be asked to resign but also forced to refund part of the monies lost as a result of mismanagement.
He believes this will be a good precedent for future officials of the Central Bank.
On Tuesday, August 8, Minority Leader Dr Cassiel Ato Baah Forson, who is a former Deputy Finance Minister, gave the Governor, Dr Ernest Yedu Addison, and the two Deputy Governors – Maxwell Opoku-Afari and Elsie Addo Awadzi – a 21-day ultimatum to resign.
He said failure to resign within the period will see members of the Minority Caucus marching to the head office of the Central Bank each day, dubbed Occupy Bank of Ghana, to demand his resignation.
Speaking on 3FM‘s Hot Edition on Tuesday, Mr Cudjoe additionally called for refunds from the complicit officials.
“We can meet them half-way,” he suggested, indicating that they cannot be asked to just leave office when such a “a lot of money” has been lost.
He said at least the officials should be made to reimburse two-thirds of the GH¢60.8 billion lost last year as captured in the 2022 Annual Report and Financial Statement of the Bank of Ghana.
“We should just go beyond these constitutional dress rehearsals, asking for information,” he indicated, stressing that GH¢60.8 billion is too huge to be made to go down the drains.
He noted how hell would have broken loose were such infractions recorded under John Dramani Mahama.
“Admittedly, it has become political now. If it had come under a John Mahama administration, hell would have broken loose.”
Also on the programme was the Dean of the Business School of the University of Cape Coast (UCC), Professor John Gatsi.
He backed the calls for sanctions but deferred to Parliament to initiate this.
“Even though there is no clear punishment prescribed in the Bank of Ghana Act, when it is discussed in Parliament, then Parliament will now [come out with the right sanctions].”
For him, it is wrong on the part of government to write off the debt of the Central Bank as that should have been at the instance of Parliament.
Source: 3news.com
The Government of Ghana has expressed profound sadness over the passing of His Majesty Yaa Naa Abukari Mahama II, King of Dagbon.
In a statement issued on Monday, President John Dramani Mahama, on behalf of the Government, extended his deepest condolences to the Royal Family, the people of Dagbon, and the entire nation.
“The Government of Ghana has received with profound sadness the news of the passing of His Majesty Yaa Naa Abukari Mahama II,” the statement said.
President Mahama described the late King as a distinguished traditional ruler whose reign was defined by healing, reconciliation, and lasting peace in Dagbon following years of conflict.
The statement noted that His Majesty’s “unwavering commitment to unity, stability, and the welfare of his people created an enabling environment for development”and strengthened the partnership between traditional authorities and Government in advancing progress across Dagbon and Ghana.
The Government paid tribute to the life and legacy of Yaa Naa Abukari Mahama II, and honoured his invaluable service to the nation.
“May his wisdom, leadership, and dedication to peace continue to inspire future generations. May his soul rest in perfect peace,” the statement concluded.
The passing of Yaa Naa Abukari Mahama II marks the end of an era for Dagbon, which saw significant strides in unity and development under his leadership.
By Edem Mensah-Tsotorme
The Ghana National Fire Service (GNFS), Hohoe Municipality Command, has conducted fire safety inspections and public education at selected fuel filling stations within the municipality.
The exercise, held from July 3, 2026 to July 5, 2025 was led by the Municipal Commander, DO III Bismark Hosu-Porbley.
During the inspection, the team assessed the fire safety preparedness of the facilities. Staff were also educated on fire prevention, emergency response procedures, and the proper use of firefighting equipment.
Management of the affected fuel stations expressed appreciation for the exercise and pledged to comply with the recommended safety measures.
The GNFS said the exercise reaffirms its commitment to continuous fire safety awareness and risk reduction to safeguard lives and property.
By Edem Mensah-Tsotorme
