<\/p>\n
The Bank of Ghana has denied allegations by Member of Parliament for Bolgatanga Central, Isaac Adongo, that it illegally gave over GHS 70 billion to the government to finance maturing debts on the domestic market.<\/p>\n
In a statement, the Central Bank described the allegations as \u201cfal<\/span><\/span>s<\/span><\/span>e<\/span><\/span>\u00a0<\/span>and<\/span><\/span>\u00a0<\/span>unfounded\u201d adding that the allegations are <\/span>aimed at \u201cimpugning the hard<\/span>\u2013<\/span>won credibility of the Bank of Ghana<\/span> and its Management.\u201d<\/span><\/span><\/span><\/p>\n Mr. Adongo had alleged that the move by the Central Bank was contrary to the Financial Management Act.<\/p>\n In an interview with the media, the ranking member on the Finance Committee of Parliament also called for the resignation of Mr Addison.<\/p>\n According to Mr Adongo, the rise in inflation, depreciating of the cedi and worsening economic conditions are a result of policy decisions of the Governor, hence his call for his dismissal.<\/p>\n Attached HERE<\/strong> is the full response by the Bank of Ghana<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Bank of Ghana has denied allegations by Member of Parliament for Bolgatanga Central, Isaac Adongo, that it illegally gave over GHS 70 billion to the government to finance maturing debts on the domestic market. In a statement, the Central Bank described the allegations as \u201cfalse\u00a0and\u00a0unfounded\u201d adding that the allegations are aimed at \u201cimpugning the […]<\/p>\n","protected":false},"author":1,"featured_media":1248999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1084,66,28790,826,225,13950],"class_list":["post-1248997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bog","tag-denies","tag-ghc70bn","tag-giving","tag-govt","tag-illegally"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1248997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1248997"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1248997\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1248997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1248997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1248997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}