The Ghana Police Service has approved the Minority caucus in Parliament’s second protest, set for July 30, demanding the removal of the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, and his two deputies from office. The approval follows fruitful engagements between the police and the Bawku Central …
Read More »Prosecute Persons Implicated In Banking Sector Clean Up – BoG Governor To Govt
The Governor of the Bank of Ghana, Dr. Ernest Addison, has urged the government to take action against shareholders of banks and financial institutions implicated in the financial sector clean up. According to Dr Addison, there is a need for accountability, hence, these individuals should be held responsible for their …
Read More »How Ghana’s Central Bank Lost $5bn In One Year
Ghana – once touted as a trailblazing African economic success story – is facing an unprecedented financial crisis. This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana and his two deputies to resign over the loss of …
Read More »I Won’t Resign; NDC Demo “Completely Unnecessary” – Dr Ernest Addison
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has dismissed calls by the opposition National Democratic Congress (NDC) and the Minority caucus in Parliament for him to resign. Dr Addison in an interview with international business news website, Central Banking, said he is not stepping down, describing …
Read More »Minority Suspends Planned Protest Against BoG Governor And His Deputies
The Minority in Parliament has suspended its planned protest against the Governor of the Bank of Ghana, Dr. Ernest Addison. This comes after the court, hearing a police application to injunct the protest over security concerns, adjourned ruling on a preliminary objection raised by lawyers of the MPs to Friday, …
Read More »NDC MPs Notifies Police; Set To Protest On September 5 Against BoG Governor And Deputies
The Minority in Parliament will on Tuesday, September 5, organise a demonstration against the Bank of Ghana Governor, Dr Ernest Addison and his two deputies. It will be done in collaboration with Civil Society Organisations, Progressive Forces and other well-meaning Ghanaians. This is according to a letter from the Minority …
Read More »BoG Governor Won’t Resign – Edmund Kyei Tells NDC
Hon. Edmund Kyei, the ruling New Patriotic Party’s first Vice Chairman for Asokwa Constituency, has stated that he does not agree with the minority in Parliament’s demand that the Governor of the Central Bank, Dr. Ernest Addison, should quit due to the GHS60.8 billion loss. He stated that the causes …
Read More »Sack BoG Boss Over Underperforming Cedi – Importers, Exporters Association
The Association of Importers and Exporters of Ghana has urged President Akufo-Addo to sack the governor of the Central Bank for what they say is his poor handling of the Cedi. According to the Association, the steady depreciation of the Cedi is a testament to the underperformance of the …
Read More »BoG Explains Why Ghana’s Debt Increased To GH¢344.5bn By End Of Nov. 2021
The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison, has explained why Ghana’s public sector debt increased to 78.4 percent of Gross Domestic Product (GDP), GH¢344.5 billion, at the end of November 2021, compared with 76 percent of GDP, GH¢291.6 billion at the end of December 2020. …
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