{"id":446830,"date":"2017-12-13T21:51:42","date_gmt":"2017-12-13T21:51:42","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/13\/bog-governor-concealing-data-on-economy-isaac-adongo\/"},"modified":"2017-12-13T21:51:42","modified_gmt":"2017-12-13T21:51:42","slug":"bog-governor-concealing-data-on-economy-isaac-adongo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/13\/bog-governor-concealing-data-on-economy-isaac-adongo\/","title":{"rendered":"BoG Governor concealing data on economy \u2013 Isaac Adongo"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Wednesday, 13 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Graphic.com.gh <\/p>\n<p>2017-12-13<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/11\/20036743.295.jpg\" alt=\"Isaac Adongo   419 Budget\" title=\"Isaac Adongo   419 Budget\" width=\"295\" height=\"177\" \/><span class=\"image_caption\"><span>Isaac Adongo, Member of Parliament for Bolgatanga Central<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1513201902_429_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">Member of Parliament for Bolgatanga Central, Isaac Adongo, has accused the Governor of the Bank of Ghana, Dr Ernest Addison, of massaging data on the economy to conceal the true state of affairs.<\/p>\n<p>He mentioned the governor&#8217;s pronouncements on the cedi depreciation, the debt stock and growth figures as instances where Dr Addison has waded into &#8220;propaganda&#8221; rather than staying neutral as required of a central bank governor.<\/p>\n<p>He made the accusations Wednesday at a public lecture organised by pro-National Democratic Congress group, Coalition for Restoration (CFR).<\/p>\n<p>&#8220;Recently when he (Dr Addison) met with the Chartered Institute of Bankers at their dinner, he said the foreign exchange market had stabilised and that we registered a depreciation by October of 4.6 per cent compared to the average of 17 per cent.<\/p>\n<p>\u201cBut I thought that if you are bold enough to mention 4.6 per cent for October, then why go to average? Also go to October (2016) and you will see that we did a depreciation of 4.3 per cent, better than the 4.6 per cent,\u201d he said.<\/p>\n<p>\u201cBut worst of all, the cedi appreciated in value against the British pound by 13 per cent in October as against 11.2 per cent in October this year by the NPP. Against the euro, we did a depreciation of 4.2 per cent and they did 14.7 per cent depreciation.\u201d<\/p>\n<p>On the collapse of UT and Capital Banks in August, this year, Mr Adongo said Dr Addison had also made a definite statement of criminality against the directors and shareholders of one of the banks in the misuse of third party funds, leaving the other unmentioned.<\/p>\n<p>\u201cUnfortunately after he dissolved those banks, the next day, he was at the church of one of the chairman of one of those banks to celebrate. That is why he failed to tell them, having identified that there is criminality, as he did with the rest,\u201d he said.<\/p>\n<p>He explained that such a stance by a person like the governor was not good for the image of the economy in the eyes of the investor public.<\/p>\n<p><!-- uploaded by: 2 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Wednesday, 13 December 2017 Source: Graphic.com.gh 2017-12-13 Isaac Adongo, Member of Parliament for Bolgatanga Central Member of Parliament for Bolgatanga Central, Isaac Adongo, has accused the Governor of the Bank of Ghana, Dr Ernest Addison, of massaging data on the economy to conceal the true state of affairs. He mentioned the governor&#8217;s [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":437763,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-446830","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BoG Governor concealing data on economy \u2013 Isaac Adongo - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/13\/bog-governor-concealing-data-on-economy-isaac-adongo\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BoG Governor concealing data on economy \u2013 Isaac Adongo - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Wednesday, 13 December 2017 Source: Graphic.com.gh 2017-12-13 Isaac Adongo, Member of Parliament for Bolgatanga Central Member of Parliament for Bolgatanga Central, Isaac Adongo, has accused the Governor of the Bank of Ghana, Dr Ernest Addison, of massaging data on the economy to conceal the true state of affairs. He mentioned the governor&#8217;s [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"BoG Governor concealing data on economy \u2013 Isaac Adongo\",\"datePublished\":\"2017-12-13T21:51:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/\"},\"wordCount\":366,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/\",\"name\":\"BoG Governor concealing data on economy \u2013 Isaac Adongo - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-12-13T21:51:42+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/13\\\/bog-governor-concealing-data-on-economy-isaac-adongo\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BoG Governor concealing data on economy \u2013 Isaac Adongo - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/12\/13\/bog-governor-concealing-data-on-economy-isaac-adongo\/","twitter_card":"summary_large_image","twitter_title":"BoG Governor concealing data on economy \u2013 Isaac Adongo - Ghanamma.com","twitter_description":"Business News of Wednesday, 13 December 2017 Source: Graphic.com.gh 2017-12-13 Isaac Adongo, Member of Parliament for Bolgatanga Central Member of Parliament for Bolgatanga Central, Isaac Adongo, has accused the Governor of the Bank of Ghana, Dr Ernest Addison, of massaging data on the economy to conceal the true state of affairs. 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