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Minority to submit petition for removal of BOG Boss
The minority in Parliament are seeking the availability of Bank of Ghana Boss, Dr.Ernest Addison to submit a petition for his removal.
In a press statement released by the Minority, “We also demanded that your two Deputy Governors and the entire board of the Bank of Ghana resign from their posts.”
They went on to add “Before the protest march, we had made it abundantly clear to the people of Ghana that handing over our petition to you personally was also a part of our demands. But you failed to show up at the terminating point of our protest march to receive our petition.”
Subsequently, we informed you through the news media that we shall come back to present our petition for your resignation and that of your deputies to you personally.
Below is the full statement
On 3rd October 2023, Honourable Members of the Minority Caucus in Parliament, backed by some civil society groups and hundreds of thousands of Ghanaians, peacefully marched to the precincts of the Bank of Ghana head office to demand your resignation as Governor of the central bank.
We also demanded that your two Deputy Governors and the entire board of the Bank of Ghana resign from their posts.
Before the protest march, we had made it abundantly clear to the people of Ghana that handing over our petition to you personally was also a part of our demands. But you failed to show up at the terminating point of our protest march to receive our petition.
Subsequently, we informed you through the news media that we shall come back to present our petition for your resignation and that of your deputies to you personally.
We therefore write to request your availability at the premises of the Bank of Ghana head office for the Honourable Members of the Minority Caucus in Parliament to hand over our petition to you personally. Kindly inform us by Monday, 18th December 2023, a date and time convenient to you for us to present our petition to you at the Bank of Ghana head office.
To refresh your memory, our reasons for demanding that you resign from your post include the following:
1. You have failed woefully to use monetary policy to check inflation in the country which at one point stood at over 50%. You have equally failed to check the depreciation of the Ghana Cedi.
2, You have supervised the collapse of the financial sector of the country resulting in all banks posting colossal losses In 2022. Interest rates hikes have made Ghana unattractive for businesses to spend and create jobs. Many businesses have collapsed.
You have horribly mismanaged the Bank of Ghana and the annual financial statement of the Bank of Ghana for 2020″ revealed that the BoG lost a colossal sum of GHS60.8 billion and has negative equity of GHS55.1 billion,
4, As a result of your mismanagement of the Bank of Ghana, the Bank cannot in the medium term be relied upon to carry out its role as banker of last resort for government and the banking sector, prompting the Finance Minister to request Parliament to approve a sum of $750 million to support the ailing banks.
5. Your unprecedented mismanagement of the central bank has resulted in the insolvency of the Bank of Ghana itself and this became obvious in your own annual financial statement.
6. There is evidence of wanton dissipation of the Bank of Ghana’s resources through a series of wasteful and extravagant procurements, including the contract for the construction of the new Bank of Ghana Head Office building at Ridge in Accra.
7. Contrary to the Bank of Ghana (Amendment) Act, 2016 (Act 918), you illegally and excessively printed the sum of GHS80 billion (evidenced by paragraph 2 of the Memorandum of Economic and Financial Policy) which caused the depletion of Ghana’s external reserves of $6.3 billion, and resulted in the unprecedented depreciation of the Cedi as it fell from GHS6/$1 to over GHS15/$1 while inflation rose to hyper levels of 54.1% in 2022; and
8. Following your ineptitude and unprecedented mismanagement of the Bank of Ghana, you have pushed over one million Ghanaians into extreme poverty and must be thus held accountable.
For these reasons, we continue to call on you, your deputies and your entire board to resign to enable the President to appoint a new leadership at the central bank to undertake the needed restructuring of our financial sector to resuscitate the country’s finances.
We hope to hear from you by 18th December 2023 regarding your availability at the Bank of Ghana premises to personally receive our petition.
Thank you.
Ghana’s parliament has marked the 2nd edition of May Day 2026 under the theme “ Welcome Home”.
It was special day meant to celebrate the invaluable support of the workforce, recognizing the commitment, resilience, and contributions of workers to institutional growth and national development.
Delivering the message on behalf of the Speaker, the 1st Deputy Speaker, Bernard Ahiafor, described the theme as very apt, appropriate, and timely, noting that Parliament is more than a workplace, it is a shared home.
He emphasized that we cannot speak about work without speaking about people, reminding everyone that the true measure of our work is the well-being of our people.
He urged that our traditional clothing become an integral part of our everyday clothing, and that our local languages must become integral to our daily lives, interwoven into education and practiced at home.
Referencing Standing Order 63, which captures the use of local language as optional in deliberations, he encouraged a renewed commitment to identity, saying it is significant that we “come home” and present who we are so future generations can inherit a story they can fully tell.
The Clerk, Mr. Ebenezer Ahumah Djietror, in his remarks commended officers for their dedication and devotion to duty, calling on them to go the extra mile and leave legacies.
Echoing the reminder that an unexamined life is not worth living, he described the event as an invitation to reconnect with our roots through cultural revival.
The Deputy Clerk, C&FMS, Dr. Gloria Sarku Kumawu, urged all not to forget their roots, the people behind the stories of ministries, industries, and the strides made both in-house and beyond.
What began last year has now become a meaningful tradition, showcasing Ghanaian heritage, fostering unity, and encouraging innovation under the principle of diversity for unity and diversity for progress, she added.
The gathering brought together leadership, public officials, and staff across all levels, along with the media, standing as a unifying platform that honored service, celebrated culture, and reaffirmed a shared commitment to national development.
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Manhyia would serve as Ghana’s unifying force …Otumfuo assures on commemoration of 27 years on the Golden Stool
The Asantehene, Otumfuo Osei Tutu II, last Friday celebrated his 27th enstoolment with a colourful and culture-rich ceremony at the Manhyia Palace in Kumasi, drawing a distinguished gathering of dignitaries from across Ghana and beyond.
Clad in splendid kente and adorned in rich traditional regalia, the dignitaries added colour and elegance to the occasion, as the palace grounds came alive with a vibrant display of Ghanaian culture.
Traditional drumming, dancing and symbolic rites underscored the deep-rooted heritage of the Ashanti Kingdom, captivating guests and reaffirming the value of tradition in modern society.
Speaking at a high-level Executive Gala organised by the Diaspora Affairs Office of the Office of the President in strategic partnership with the E ON 3 Group, the ‘World-Meets-in-Ghana’ gala, the Asantehene urged Ghanaians to guard against the divisive tendencies of partisan politics.
The event was to honour the Asantehene’s nearly three-decade reign under the theme ‘Advancing Peace and Sustainable Economic Development through Royal Vision’.
Otumfuo Osei Tutu II noted that such attitudes threatened the country’s long-standing values of unity, civility and brotherliness.
He assured that Manhyia would continue to serve as a unifying force for the nation.
The celebration also featured the presentation of commemorative gold coins to notable national leaders, including the President, John Dramani Mahama, former Presidents John Agyekum Kufuor and Nana Addo Dankwa Akufo-Addo as well as Dr Mahamudu Bawumia, a former Vice President in recognition of their contributions to peace and national development.
By Spectator Reporter
