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Whoever created BoG’s GH₵53bn negative equity mess should be held responsible – Dr. Atuahene

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Banking consultant Richmond Atuahene has called for accountability over the Bank of Ghana’s (BoG) GH₵53 billion negative equity, insisting that those responsible for the mess must be held accountable.

In an interview on Joy FM’s Midday News on Wednesday, March 12, he called for those responsible for breaching financial regulations to be summoned before Parliament to explain their actions.

“There was a law that stated they should not exceed a 5% fiscal financing threshold, yet they went as high as 60%. This is a clear violation, and they cannot claim ignorance. The Governor, the Minister, and those involved must be held accountable for their actions,” he asserted

His comment comes after the Finance Minister, Dr. Cassiel Ato Forson, advised BoG to explore internal cost-cutting measures instead of relying on taxpayer funds for a GH₵53 billion bailout to address its negative equity position.

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Dr. Atuahene supported the Finance Minister’s stance that the government cannot afford to recapitalise the central bank at this time, given the nation’s fiscal constraints.

“Like the Minister said, you don’t create a mess and leave it for others to clean up. Whoever created this mess must take personal responsibility. When they engaged in the monetisation of fiscal deficits in 2021 and 2022, some of us warned them about the consequences, but they didn’t listen,” he stated.

Dr. Atuahene stressed that rather than relying on external funding, the Bank of Ghana should explore internal restructuring, cost-cutting, and asset sales, including a sale-leaseback arrangement on some of its properties, to raise the necessary capital.

He also highlighted the potential damage to Ghana’s international credibility if the Bank of Ghana remains in a financially distressed position.

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“This affects Ghana’s credibility. BoG has correspondent relationships with the Bank of England, the Federal Reserve, and the African Development Bank. If it continues to operate in a capital-deficient state, international institutions may lose confidence in our financial system,” he warned.

Dr. Atuahene also criticised the central bank for insisting that it is “policy solvent,” arguing that capital solvency is more critical in this situation.

“You can claim policy solvency all you want, but if you are capital insolvent, it means you cannot function properly. BoG has been making losses year after year. They made losses in 2023, and they are making losses in 2024. How long will this continue?” he questioned.

Source: Myjoyonline.com

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Investing in youth is investing in peace— Hopeson Adorye charges young leaders

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Global Board Chairman of the International Youth Network for United Nations Security Council Resolution (IYNUNSCR)2250, Hopeson Yaovi Adorye, has called on young people across the world to take deliberate action in building peace, justice, and sustainable development.

Delivering the keynote address at the IYNUNSCR2250 Global Youth Assembly held in Accra over the weekend, Mr. Adorye told the gathering of youth leaders that this generation stands at a “defining moment” in history.

He noted that while the world faces rising conflicts, violent extremism, climate pressures, cybercrime, and political polarization, young people are not just victims of these crises.

“The adoption of United Nations Security Council Resolution 2250 marked a historic turning point by recognizing that young people are simply victims of conflict but indispensable partners in conflict prevention, peacebuilding, mediation, reconciliation, and post-conflict recovery,” he said.

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He stressed that peace cannot be taken for granted.

“Peace must be intentionally built. Peace must be protected. Peace must be sustained. More importantly, peace must include everyone,” Mr.Adorye stated.

He defined true peace as more than the absence of war, it exists where justice prevails, human rights are respected, institutions are accountable, and women and youth participate fully in decision-making.

“Without justice, peace remains fragile. Without development, peace remains temporary. Without inclusion, peace remains incomplete,” he added.

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Turning to Africa, Mr.Adorye described the continent’s youthful population as its “greatest strategic asset” and not a burden.

“When governments invest in education, entrepreneurship, innovation, digital skills, healthcare, and good governance, young people become drivers of economic growth and democratic stability,” he said.

He warned that the absence of these opportunities creates frustration and conditions that threaten peace and security.

According to him, “Investing in youth is investing in peace. Investing in education is investing in national security. Investing in jobs is investing in stability.”

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The Global Board Chairman urged delegates to move beyond advocacy and become practical agents of change. He challenged them to reject corruption, political violence, hate speech, tribalism, and misinformation.

“Let us use social media to educate rather than inflame. To unite rather than divide. The digital world should become a platform for peace, innovation, and global cooperation,” he said.

He further tasked IYNUNSCR2250 members to mentor vulnerable youth, promote mediation, advocate for peaceful elections, support environmental protection, and empower women and girls.

He further added that “History will judge our generation not by the challenges we inherited but by the solutions we created,” Hon. Adorye concluded. “May our voices become voices of reconciliation. May our actions become instruments of peace.”

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The Assembly, hosted under the leadership of IYNUNSCR2250 Global President Her Excellency Rev. Dr. Lilian Sally Addo, brought together youth leaders, members of the Global Advisory Board, and distinguished guests to advance the youth, peace, and security agenda.

By Edem Mensah-Tsotorme

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Two dead, eight injured in road accident at Dompoase near komenda

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Two people have died and eight others sustained injuries following a road traffic accident at Dompoase, near Komenda on the Cape Coast-Takoradi highway on Thursday, July 31, 2026.

According to a statement from the Ghana National Fire Service, Central Region, the Komenda Fire Station received a distress call at 18:55hrs. Rescue personnel arrived at the scene 15 minutes later at 19:10hrs.

On arrival, fire officers found one person trapped in a crashed Toyota Hiace with registration number AS 6145-24.

The rescue team worked to extricate the victim, but the person was later pronounced dead at the scene.

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Preliminary information indicates that 10 people were on board the Hiace at the time of the crash. Apart from the two fatalities, eight others sustained various degrees of injury.

Three of the injured were said to be in severe condition.

Personnel from the National Ambulance Service transported all the injured to the Elmina Polyclinic for medical care.

An eyewitness at the scene told officials that the accident occurred when an unidentified vehicle traveling from Takoradi towards Cape Coast* attempted to overtake another vehicle.

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In an attempt to avoid a head-on collision, the Toyota Hiace, which was traveling from Cape Coast towards Takoradi, swerved and crashed into a broken-down truck with registration number GN 2491-14 that was parked by the roadside.

The Central Regional Fire Command has advised drivers to exercise patience and extra caution on the highway, especially during overtaking and in areas where broken-down vehicles may be present.

“Such incidents can be prevented if road users obey traffic regulations and remain alert,” the statement said.

The identities of the deceased have not yet been released pending notification of next of kin.

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By Edem Mensah-Tsotorme

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