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Why BOG Responded To Allegation By Minority On Printing Of Notes;Were They Able To Shred The Issues?

Minority accuses BoG of cover-up in GH¢22bn printed currency claim

The Minority in Parliament have vehemently raised concerns about an illegal printing of GHS 22 billion currency claims.

It is not known how Dr. Casiel Ato Forson concluded on such allegations but the energy by which he makes the accusations raises more concerns and largely affects the goodwill of the central bank.

The Central Bank is the lender of last resort and a renowned regulator. How is it that the Minority had the power to accuse them of going contrary to Act 918?

Even though Parliament makes the laws, does it have the power to control the activities of the Central Bank?

Was it necessary for the Bank of Ghana to respond to the claims of the Minority?

In the second paragraph of the Bank of Ghana Press Release on the above mentioned subject, the Bank of Ghana stated that it finds it necessary to set the records straight. It is believed that clarifying the issues would reasonably protect the reputation or goodwill of the regulator.

What are your thoughts on the ongoing discussion? Did the press release do some good to the Central Bank or it rather worsened their reputation due to how the NDC Member of Parliament Dr. Casiel Ato Forson came back even more stronger and deafening.

What are your thoughts on the ongoing discussion?

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Bank of Ghana Casiel Ato Central Bank


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