On the back of a press reports on purported monthly salary allegedly received by Independent Board Directors of the Central Bank, financial analyst Dr. Micheal Dawson has urged the Ghanaian public to exercise caution.
The External Board Directors would not be paid in dollars, he claims, adding that they are not even entitled to salaries but rather allowances. He further claims that rumors concerning the US$8,000 payment for the Central Banks’ Directors are inaccurate.
“I’m not sure how that figure came about in the first place as the Board Members are not even entitled to salaries but rather allowances for their services which is standard practice,” he told GhanaWeb Business in an interview.
“I think the BoG statement capturing the expenses of External Directors has clarified the issues raised as they pointed out that the expenditure line for External Directors is made up of logistics to run the Board secretariat, Board training and others,” he explained.
In an interview with GhanaWeb Business, he noted that the expense shown under the external directors’ column from the report is not the sum appropriated by a single person, “but cost of running the secretariat, trainings organised and the Central Bank has said in their statement that price pressures, inflationary pressures all impacted on these rising costs.”
Dr. Dawson made the comments in response to stories that claimed Central Bank independent board members were entitled to compensation.
Thus, he once again urged the general people to exercise caution and to carefully confirm such claims.