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NewsIndividuals hoarding dollars at home are hindering our progress - BoG

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Individuals hoarding dollars at home are hindering our progress – BoG

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The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has raised concerns about individuals holding significant amounts of foreign currencies in their homes.

This comes after reports emerged that the former Minister of Sanitation and Water Resources, Madam Cecilia Dapaah, allegedly kept over One million dollars in her bedroom.

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Dr. Addison expressed worry over the practice during the 113th Monetary Policy Committee meeting on Monday, July 24.

In the midst of these concerns, the Office of the Special Prosecutor (OSP) confirmed the arrest of Madam Cecilia Dapaah on suspected corruption charges.

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Addison said: “It is a worry to all of us but it is a matter in court so there is not much to say about it.”

The Special Prosecutor’s statement mentioned large sums of money and valuable items reportedly stolen from her residence.

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Following numerous reports, the investigation was initiated, and she is currently being questioned by authorized officers of the OSP.

Madam Cecilia Dapaah resigned from her ministerial position on Saturday, July 22, 2023, after revelations that her house helps allegedly stole significant amounts of foreign and local currencies from her residence in Accra.

Two house helps, Patience Botwe and Sarah Agyei, are facing charges in connection with the audacious theft, where they are accused of stealing millions of dollars and Ghanaian cedis from her home between July and October 2022.

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