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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
African leaders have been urged to strengthen political commitment and domestic investment to end preventable maternal deaths and AIDS by 2030.
The call comes as African health ministers and policymakers meet in Accra to deliberate on health financing, health security and universal health coverage across the continent.
Mr Edouard Bizimana, Burundi’s Minister of Foreign Affairs, Regional Integration and Development Cooperation, made the call on Tuesday at the opening of the African Union’s (AU) 25th Extraordinary Summit on Health in Accra.
He said Africa needed increased domestic investment to build resilient health systems as it continued to grapple with infectious diseases and the growing burden of non-communicable diseases (NCDs).
Mr Bizimana, who is also Chairperson of the AU Executive Council, said although Africa accounted for nearly 17 per cent of the world’s population, it bore 24 per cent of the global disease burden while having less than three per cent of the global health workforce and only one per cent of global health expenditure.
“Despite maternal mortality declining by nearly 40 per cent since 2000, Africa still accounts for about 70 per cent of maternal deaths globally, while almost two-thirds of people living with HIV reside on the continent,” he said.
Mr Bizimana said the growing burden of NCDs was placing additional pressure on already stretched health systems.
“These figures are not merely statistics. They represent painful human realities, preventable losses and unacceptable inequalities, they remind us that health is not an expense it is a strategic investment and a prerequisite for our sovereignty and development. “he said.
Mr Bizimana said recent global health emergencies had exposed Africa’s vulnerability and underscored the need to expand local production of medicines and vaccines, strengthen the health workforce and improve emergency preparedness.
“Our citizens expect resilient health systems where every mother can give birth safely, every child has access to essential healthcare and every African enjoys quality health services regardless of where they live,” he said.
The two-day summit, being held ahead of the 20th Extraordinary Session of the AU Assembly of Heads of State and Government, has brought together health ministers, policymakers and health stakeholders to identify solutions to Africa’s health financing and security challenges.
Madam Florence Samizi, Tanzania’s Deputy Health Minister, called for stronger collaboration among AU Member States to accelerate progress towards universal health coverage.
The summit is being held on the theme: “Advancing Justice, Equality and Universal Health Coverage: Ending AIDS, Tuberculosis, Improving Maternal Health, Addressing Endemic Non-Communicable and Neglected Tropical Diseases in Africa.”
The meeting is expected to adopt the Accra Declaration, a roadmap to strengthen Africa’s health systems and advance health sovereignty by 2030. -GNA
Senior Lecturer at the University of Ghana’s Department of Political Science, Dr. Joshua Jebuntie Zaato says the imprisonment of the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi, will have little meaning unless it leads to a broader crackdown on illegal mining.
In a post on his Facebook page on the July 21, 2026, Dr. Zaato said the judgment should mark the beginning of efforts to completely eradicate galamsey and hold all those involved accountable, regardless of their political affiliation.
He said the country must work towards restoring polluted rivers, protecting forests and ensuring that people implicated in illegal mining activities are prosecuted.
According to him, those the President has publicly acknowledged to be involved in galamsey should face prosecution.
He called for the prosecution of district chief executives (DCEs), members of Parliament (MPs) and senior political party officials who have been accused of engaging in or supporting illegal mining.
Dr. Zaato further urged the government to take decisive action to end the destruction of the country’s forests caused by galamsey.
He maintained that the imprisonment of Chairman Wontumi would only have a lasting impact if it results in a comprehensive and impartial fight against illegal mining across the country.
By: Jacob Aggrey
