The Majority Leader, Osei Kyei-Mensah-Bonsu, has criticized the Minority Leader, Dr. Cassiel Ato Forson, over his demand for the resignation of the governor of the Bank of Ghana (BoG) and his deputies amidst allegations of financial mismanagement.
The Minority in Parliament is calling for the resignation of Dr. Ernest Addison and his deputies, leveling serious allegations of significant financial mismanagement within the Bank of Ghana.
The Minority asserts that Dr. Addison should step down from his position for overseeing the GHC60 billion loss that the Central Bank incurred in the year-ending 2022.
Among other claims, the Minority also contends that the Bank of Ghana failed to provide reports of its activities to Parliament.
In response to the Minority’s demand, Suame MP Osei Kyei-Mensah-Bonsu questioned the validity of the allegations and highlighted the political undertones of the dispute. He stressed that the issue should not be reduced to a partisan contest between the NPP and NDC, emphasizing the importance of a balanced and well-informed discussion.
He clarified that the Bank of Ghana is not legally obliged to report its daily activities to Parliament, contrary to Dr. Ato Forson’s claims. Kyei-Mensah-Bonsu pointed out that the law only mandates the Bank to report foreign exchange receipts to Parliament, a responsibility the Bank has consistently fulfilled.
“We should not make everything about NPP and NDC. Ato Forson should have known better because he has held the position of deputy minister of finance before and knows the operations of the Bank of Ghana. So, if you politicize issues of the BoG, it is not good for the country,” Osei Kyei-Mensah-Bonsu stated on Oman FM.
He further stated, “There is no law that mandates the BoG to report its daily activities to Parliament. The law only mandates the BoG to report foreign exchange receipts to Parliament, and the BoG has always complied with this provision. The BoG does not report directly to Parliament. The constitution says that if you pass any law that is inconsistent with the constitution, that law is null and void. It’s either the Minority are over exaggerating issues or have not had time to examine the facts of the matter.”