'Bank of Ghana Loses 6 Billion Dollars' - Minority Claims
The Bank of Ghana is said to have lost over 60 billion cedis equivalent to 6 billion dollars last year.
According to a statement read by the leader of the Minority in Parliament, Cassiel Ato Forson, during an NDC event dubbed "Moment of Truth" on Tuesday, August 8, 2023; a Bank of Ghana (BoG) report depicted a "catastrophic decline" of the bank.
He disclosed "the Bank of Ghana recorded a staggering loss of GHS60.8 billion, which is equivalent to $6 billion. This is twice the amount we are to receive from our recent IMF bailout".
The Minority accused the Governor of the bank, Dr. Ernest Addison for this loss and therefore calls on him together with his deputies to resign from office.
"This means the recklessness and mismanagement of the Governor of the Bank of Ghana has cost the nation twice what we are struggling and sacrificing to receive from the IMF amid major conditionalities", Hon. Ato Forson iterated.
They further revealed; "The bank has also recorded a negative equity of over GHS55.1 billion. What this simply means is that the Bank of Ghana is insolvent. In other words, the once prestigious Bank of Ghana, the mother of all banks in Ghana, has been bankrupted and collapsed by this NPP economic management team led by Dr Mahamudu Bawumia with the complicity of the Governor of the Central Bank."
<<Print>>