Faculty member at the University of Ghana Business School, Professor Godfred Bokpin, has expressed concerns that the nation is on a perilous course under the current leadership managing the Central Bank.
He pointed out that despite the clear economic warning signs in 2019, the Bank of Ghana, under the leadership of Governor Dr. Ernest Addison, failed to caution the government about the impending economic risks.
He emphasized that the decisions made by Dr. Ernest Addison and his team during this period, while ignoring these warning signs, are indicative of the challenges that lie ahead for the country.
Professor Bokpin urged Ghanaians to be deeply concerned about the state of their nation.
He made these remarks during an appearance on TV3’s The Keypoints program on Saturday, September 7, 2023.
“If as at 2019, Bank of Ghana’s own projections and the rest of them could not have warned us that this is where we were heading towards, then I feel we should feel sorry for this country.”
His remarks were prompted by a recent protest organized by the Minority in Parliament, demanding the resignation of the Governor of the Bank of Ghana (BoG) and his two deputies.
The demonstrators alleged that Dr. Ernest Addison mismanaged the central bank, leading it into financial distress.
They also criticized him for overseeing extravagant spending, including the construction of the new $250 million Bank of Ghana headquarters.
Despite the calls for his resignation, Dr. Addison firmly stated that he had no intention of stepping down and referred to the protesters as troublemakers.