The Majority Leader, Osei Kyei-Mensah-Bonsu, has berated the Minority Leader, Dr Cassiel Ato Forson, for demanding the immediate resignation of the Bank of Ghana (BoG) Governor and his two deputies.
He wants the Minority Leader to stop engaging in “partisan politics” with national issues.
The Suame lawmaker speaking in an interview on Oman FM on Monday, August 14, said the Minority Leader who is a former Deputy Finance Minister knows the operations of the central bank must not be engaging in cheap politics.
“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 politicise issues of the BoG, it is not good for the country,” Mr Osei-Kyei-Mensah-Bonsu said.
He also insisted that the central bank is not under any legal obligation to report its daily activities to Parliament.
The Suame legislator stated that the law only requires the BoG to report foreign exchange receipts to Parliament - a mandate, according to him, the Bank has consistently fulfilled.
“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,” he said.
The Minority in Parliament on Tuesday, August 8, demanded the resignation of Dr Ernest Addison and his deputies, levelling grave allegations of gross financial mismanagement within the Bank of Ghana.
The NDC MPs claimed that Dr Addison must quit his post for supervising the ¢60 billion loss, the Central Bank recorded for the year-ending 2022.
The Minority also alleged that the Bank of Ghana failed to report its activities to Parliament.
BoG in a statement attributed the losses to the government’s domestic debt restructuring activities and the depreciation of the cedi.
This position the Majority Leader has affirmed stating that no wrongdoing has occurred.
Latest Stories
-
Akufo-Addo quizzed Minority on objection to $335m tax waiver – Ibrahim Ahmed
31 mins -
South Africans’ desperate search for jobs overshadows election
58 mins -
PM apologises after infected blood scandal cover-up
1 hour -
Women and girls across Africa, Asia and Middle East to benefit from new UK Higher Education Programme
1 hour -
Ghana and Burkina Faso sign MoU for land boundary reaffirmation
1 hour -
Assange wins right to challenge US extradition
1 hour -
3i Summit records big deals: $100m for SMEs in Ghana – BoG reports on eCedi success
2 hours -
Kosmos Innovation Center and Mastercard Foundation announce winners of AgriTech Challenge Pro
2 hours -
Half of Americans oppose immigrant detention camps, Reuters/Ipsos poll finds
2 hours -
My ‘Brag’ song not a ‘jab’ to Davido, Wizkid and Burna Boy – Sarkodie
2 hours -
TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances in Istanbul
2 hours -
‘Your election has rekindled hope for the youth, especially in Ghana’ – Akufo-Addo to Senegal’s Faye
3 hours -
Forex barrier broken as Brij Technologies demos currency swap at Africa 3i Summit
3 hours -
Chidi Odinkalu: Judges and political mating games
3 hours -
UK’s post-Brexit border arrangements to cost $6bn
3 hours