The Minority Caucus has decided to postpone their planned demonstration against the Bank of Ghana’s Governor, Dr. Ernest Addison, and his deputies. The new date for the protest is now set for September 12, 2023. This decision has been influenced by recent developments in the court proceedings that took place on September 4, 2023.
In a statement issued by the Minority, they clarified that, “The shift in the date is due to the outcome of today’s court proceedings, September 4, 2023. The court could not deliver an immediate ruling because of the significance of the preliminary legal objections raised by the Minority’s lawyers in Parliament. Therefore, the court asked for the Minority’s patience to allow it to deliver its ruling on Friday, September 8, 2023.”
The Minority Caucus is planning a protest in response to the call for Governor Ernest Addison and his deputies to step down. This comes after the Bank of Ghana reported a staggering loss of GH¢60.81 billion in the fiscal year of 2022.
The Caucus has released a statement explaining their reasoning behind the protest. They believe that the loss is a direct result of the gross mismanagement of the Central Bank by Governor Addison and his deputies. Their alleged mismanagement has resulted in an unprecedented loss of GH¢60.8 billion and a negative equity of GH¢5.1 billion.
In addition, they are accused of illegally printing over GH¢80 billion. Despite the financial crisis, the team is reportedly constructing a new head office. The cost of this project is over $250 million, which is significantly higher than the Public Procurement Authority’s initial recommendation of $81 million. The Caucus believes these actions to be reckless, hence their call for a protest.
The Minority Caucus is standing firm on their constitutional right to protest. They’ve assured everyone that the march to the Bank of Ghana will happen on September 12, 2023.
SOURCE: Senali News Ghana
