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BusinessMahama Ayariga notifies police on planned demonstration against BOG Governor

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Mahama Ayariga notifies police on planned demonstration against BOG Governor

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Mahama Ayariga, the lawmaker from Bawku Central, has formally notified the police about an upcoming demonstration in Accra, scheduled for July 30, 2024, from 8am to 6pm.

The protest aims to demand the resignation of Dr. Ernest Addison, Governor of the Bank of Ghana, along with his deputies and board members.

The march route starts at Obro Spot, passes through Adabraka to Farisco/Kingsway, then proceeds past Rawlings Park, Makola, the Central Post Office, and concludes at the Bank of Ghana headquarters.

Ayariga criticized the Bank of Ghana’s management for excessive spending, particularly highlighting the escalating costs of the new Bank of Ghana Corporate head office building, now estimated at over USD$270 million from an initial USD$81,882,640.

He also mentioned the construction of a new residence for the Governor reportedly costing USD$40 million, without transparency on the actual expenditure.

Ayariga accused the Governor and his team of mismanagement leading to the bank’s insolvency, necessitating government recapitalization through increased borrowing or taxation, which he argues unfairly burdens Ghanaians.

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Additionally, Ayariga condemned the Governor for allegedly overseeing the collapse of the banking sector, contributing to unemployment and economic instability.

He accused the Bank of Ghana of causing inflation through excessive money printing, leading to significant economic hardship for many Ghanaians.

Ayariga emphasized the need for accountability and reforms within the Bank of Ghana to address these issues.

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