{"id":161078,"date":"2024-03-11T17:45:59","date_gmt":"2024-03-11T17:45:59","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/03\/11\/bog-must-be-held-accountable-for-illegally-writing-off-gh%c2%a248bn-govt-debt\/"},"modified":"2024-03-11T17:45:59","modified_gmt":"2024-03-11T17:45:59","slug":"bog-must-be-held-accountable-for-illegally-writing-off-gh%c2%a248bn-govt-debt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/03\/11\/bog-must-be-held-accountable-for-illegally-writing-off-gh%c2%a248bn-govt-debt\/","title":{"rendered":"BoG must be held accountable for illegally writing off GH\u00a248bn govt debt"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Minority in Parliament has accused the management of the Bank of Ghana (BoG) of engaging in illegal activities by allegedly writing off approximately GH\u00a248 billion of government debt.<\/p>\n<p>According to the caucus, these actions have resulted in the insolvency of the central bank.<\/p>\n<p>During the final debate on the State of the Nation Address (SONA) on Monday, the Minority Leader, Dr. Cassiel Ato Forson, called for accountability from the Bank of Ghana\u2019s management.<\/p>\n<p>\u201cThe Bank of Ghana is now bankrupt and exists merely in name. In 2022, the Central Bank recorded a colossal loss of over GHS60.8 billion and a negative equity of over GHS55 billion.<\/p>\n<p>\u201cThe Governor of the Bank of Ghana and his two deputies illegally and excessively printed money to finance the government\u2019s over-bloated expenditures. Mr Speaker, the Governor of the Bank of Ghana and his two deputies, without recourse to Parliament, wrote off about GHS 48.4 billion of government debt.\u201d<\/p>\n<p>\u201cThese are the cardinal sins for which the Governor and his two deputies must be held accountable, however long it takes,\u201d he asserted.<\/p>\n<hr\/>\n<div class=\"entry-content no-share\">\n<div class=\"content-inner \">\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minority in Parliament has accused the management of the Bank of Ghana (BoG) of engaging in illegal activities by allegedly writing off approximately GH\u00a248 billion of government debt. According to the caucus, these actions have resulted in the insolvency of the central bank. During the final debate on the State of the Nation Address [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":161066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-161078","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 must be held accountable for illegally writing off GH\u00a248bn govt debt - 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\/2024\/03\/11\/bog-must-be-held-accountable-for-illegally-writing-off-gh\u00a248bn-govt-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG must be held accountable for illegally writing off GH\u00a248bn govt debt - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Minority in Parliament has accused the management of the Bank of Ghana (BoG) of engaging in illegal activities by allegedly writing off approximately GH\u00a248 billion of government debt. According to the caucus, these actions have resulted in the insolvency of the central bank. 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