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The largest opposition National Democratic Congress (NDC) is calling for the resignation of the Governor of Bank of Ghana (BoG), Dr Ernest Addison and his deputies.

The party has threatened to march to the premises of BoG to drag Dr Ernest Addison and his deputies from office if they fail to resign within 21 days.

Minority Leader, Ato Forson addressing Journalists under the NDC’s Moment of Truth series on Tuesday, August 8, 2023, accused Dr Addison of mismanaging BoG resulting in an IMF bailout.

The Bank of Ghana recorded a staggering loss of GH¢60.8 billion within the 2022 fiscal year.

"We in the National Democratic Congress (NDC) saw the red flags and have consistently warned of the
mismanagement of the financial sector by the Governor of the Central Bank and his team of incompetent deputies.

"Only last week, the Annual Report and Financial Statement of the Bank of Ghana was released. This report depicted the catastrophic decline of the Bank into a bottomless pit. The report revealed the following astonishing facts:

1. The Bank of Ghana recorded a staggering loss of GHS60.8 billion, which is equivalent to $6 billion.
This is twice the amount we are to receive from our recent IMF bailout.
This means the recklessness and mismanagement of the Governor of the Bank of Ghana has cost the nation twice what we are struggling and sacrificing to receive from the IMF amid major conditionalities," a statement read by Minority Leader, Ato Forson outlined.

According to him this is how the Governor of the Central Bank, Dr. Ernest Addison who is now known as the “Printer of Money”, conspired with members of the Economic mis-management Team led by the failed Alhaji Mahamudu Bawumia and the inept Finance Minister Ken Ofori-Atta aka “One Problem, One Bond”, to destroy Ghana’s Central Bank.

Call to Step Down

In this regard, the NDC is calling  for the resignation of the Governor of the Central Bank and his deputies within 21 days from today.

"We are resolved to embark on popular action to occupy the Central Bank and drive out the team of inept,
callous and criminal mismanagers of the finances of this country and Save the Bank of Ghana.

"The March to Ensure Accountability will begin in 21 days if the Governor of the Bank of Ghana does not do the needful and pack bag and baggage out of that sacred institution that he has so desecrated.

"Dr Ernest Addisson Must Go! There has to be an end to impunity and it is NOW!"

Read attached the full statement