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Ghanaians deserve at least two-thirds refund – Franklin Cudjoe on BoG’s losses
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 spokesperson for Dr. Bawumia, Dennis Miracles Aboagye, has criticised the implementation of the NDC government’s No Fee Stress policy, arguing that the programme has failed to deliver on its core promise.
According to him on Starr fm, the policy, which was introduced to ensure stress free payment of fees for level 100 tertiary students, has rather turned into what he described as post stress support.
He explained that students are required to pay their fees first before applying for reimbursement, a situation he believes defeats the purpose of the policy.
He questioned claims by government officials that the policy has been successful and that citizens are happy.
In his view, such claims do not reflect the lived realities of many Ghanaians. He stressed that while some people may appear satisfied, many others continue to struggle.
Dennis Miracles Aboagye pointed to the situation of trained teachers and nurses who have been picketing for nearly six months, demanding employment.
He noted that government responses suggesting it cannot accommodate all of them contradict claims of economic stability.
He further argued that economic indicators such as a stable currency mean little to people who are unable to secure jobs or access promised support.
He observed that telling an unemployed teacher or a struggling student that the cedi has strengthened does not address their immediate challenges.
On the issue of tertiary education, he maintained that no level 100 student benefited from stress free fees in 2025, despite the policy being announced.
He added that in 2026, students have already reported to school without receiving the promised support.
He insisted that asking students to pay fees first and seek reimbursement later amounts to support after hardship, not stress free education.
According to him, this approach goes against what was promised during the policy announcement.
Dennis Miracles Aboagye questioned why a government that presents the economy as strong is unable to fulfil what he described as simple and clear promises.
He added that there is a fundamental problem with the way the economy is being managed and indicated that he is prepared to explain his position further.
By: Jacob Aggrey
Dancehall musician Shatta Wale has issued a strong public statement calling for an end to what he describes as continuous attacks on his brand, following an apology from media commentator Awal Mohammed.
In the statement, Shatta Wale acknowledged the apology but stressed that persistent criticism and what he sees as deliberate attempts to damage his image must stop.
He noted that for many years, he has spoken for the streets, the youth, and people who feel ignored by society, while also promoting Ghana on the global stage and creating jobs through his work.
He expressed concern that some media personalities, commentators, and influential figures continue to target his name unfairly.
According to him, the issue goes beyond music and touches on respect, fairness, and national maturity.
The musician warned that continued disrespect toward voices that represent ordinary people could have wider consequences.
He emphasised that the Shatta Movement remains strong and organized, and that the patience of the masses should not be taken for granted.
He added that if systems continue to fail the people, they have the ability to organize politically through numbers and truth, not violence or hate.
Shatta Wale clarified that his message was not a threat but a reminder of reality, stressing that attacking a symbol that represents millions of people can have social, cultural, and democratic effects.
He called for respect, fairness, and unity, saying the voice of the people will always rise.
The statement comes after Awal Mohammed recently described Shatta Wale fans during a public discussion as junkies.
The comments triggered backlash from fans of the musician, prompting Awal to later issue an apology.
By: Jacob Aggrey
