\n
Bawku Central MP,\u00a0Mahama Ayariga, says the time has come for the Governor of the\u00a0Bank of Ghana, Dr\u00a0Ernest Addison, to leave office after \u201cmessing\u201d the economy.<\/p>\n
Mr Ayariga is of the view that the poor management of the economy by Dr Addison and his team is the reason for Ghana\u2019s economic predicament and must not be allowed to stay on.<\/p>\n
The caucus in August 2023 held a protest march to demand Dr Addison\u2019s removal after it emerged that the central bank made a loss of over GH\u00a260 bil\u00adlion but were unsuccessful in their demand.<\/p>\n
Addressing a press conference in Accra on Tuesday,\u00a0Mahama Ayariga\u00a0said Dr Addison and his team must be held accountable.<\/p>\n
\u201cIt is time to go back (to the BoG) and we are marching back to the central bank to demand the resignation of the governor and his deputies and the board of the bank\u2026so that we can have a change in the direction of the management of the finances of this country.<\/p>\n
\u201cThey can\u2019t mess up the econo\u00admy as they have and be allowed to continue staying in office and not be held accountable,\u201d\u00a0Mahama Ayariga\u00a0stated.<\/p>\n
According to him, the misman\u00adagement of the bank is what has occasioned the decision by the government to recapitalise the central bank.<\/p>\n
He said the decision by the bank to build a new headquarters at the cost of US$250 million from an initial cost of US$110 million, at a time of economic difficulty, only underscores the indiscretion of Dr Addison and his team.<\/p>\n
\u201cWe have also heard that a piece of land that used to host a clinic of the bank has been reassigned for the construction of a residence for the governor. We asked him how much it costs but he has refused to furnish us with the cost,\u201d he lamented.<\/p>\n
The conduct of the Governor, he said smacked of contempt of the oversight authority of parliament and he must be made to answer.<\/p>\n
He said allowing Dr Addison to stay on would set a bad precedent which would not augur well for the bank and corporate gover\u00adnance.<\/p>\n
Mr Ayariga said Ghanaians must stand up to the \u201cmisman\u00adagement of Governor Addison\u201d and pour out in their numbers to demand the exit of the Governor.<\/p>\n
All agreements, he said, have been reached with the Accra Regional Police Command for a peaceful protest march on Tues\u00adday, July 30, 2024.<\/p>\n
Source:\u00a0<\/strong>ghanaiantimes.com.gh<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Bawku Central MP,\u00a0Mahama Ayariga, says the time has come for the Governor of the\u00a0Bank of Ghana, Dr\u00a0Ernest Addison, to leave office after \u201cmessing\u201d the economy. Mr Ayariga is of the view that the poor management of the economy by Dr Addison and his team is the reason for Ghana\u2019s economic predicament and must not be […]<\/p>\n","protected":false},"author":1,"featured_media":201371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-201370","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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