The Minority Caucus in Ghana’s Parliament has characterized the current operations of the Bank of Ghana (BoG) as nothing short of a “crime scene.”
This striking accusation was made during a public forum held at the University of Professional Studies, Accra (UPSA) in anticipation of their upcoming #OccupyBoG protest.
The crux of their discontent centers around the BoG’s substantial lending to the government over the past year, a practice they find deeply unacceptable.
Mahama Ayariga, the Member of Parliament for Bawku Central, underscored their concerns by contrasting the fiscal landscape of 2016, an election year, when former President John Dramani Mahama did not have to resort to borrowing from the central bank.
Ayariga lamented, “The Bank of Ghana is now a crime scene, and the managers of the economy, led by Mr. Strategist, aided and abetted this economic crime.”
The protest, scheduled for September 5, 2023, is a demonstration organized by the Minority Caucus to voice their discontent with the BoG’s leadership. They are calling for the resignation of the Governor of the Bank of Ghana and his deputies, citing alleged mismanagement of the central bank.
The Minority Caucus is determined to picket the Bank of Ghana’s headquarters on the aforementioned date to formally present a petition demanding the resignation of the governor and deputies. The police suggested alternative routes for the planned protest, but this proposal was rejected by the Caucus.
Despite securing an injunction against the protest, the Minority Caucus remains resolute in its determination to proceed with their plans. The situation reflects the growing tension surrounding the BoG’s actions and its implications for Ghana’s economic landscape.