Introduction
In a recent interview, Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu and Ranking Member of the Foreign Affairs Committee of Parliament, expressed strong criticism towards the Bank of Ghana (BoG) and its leadership. He emphasized the need for the resignation of the Governor and his deputies, accusing them of destroying livelihoods and mismanaging the economy.
The Case Against BoG Leadership
Ablakwa cited several issues, including BoG's massive financial losses, illegal currency printing, and disregard for Ghanaian laws and regulations. The BoG recorded an unprecedented loss of 60.8 billion Ghanaian cedis, highlighting the gravity of the situation. Ablakwa accused the bank of illegal conduct, citing unauthorized printing of 77 billion Ghanaian cedis without parliamentary approval.
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