Retired Colonel Festus Aboagye has levelled serious allegations against former Governor of the Bank of Ghana (BoG), Dr Ernest Addison, following a recent search of his residence by National Security operatives.

The operation, which has stirred significant controversy, was criticised by Minority Leader Alexander Afenyo-Markin, who claimed that personal belongings, including cash and jewellery belonging to Dr Addison’s wife, were taken during the search.

However, according to Rtd. Col. Aboagye, intelligence gathered by the state suggested that Dr Addison had installed electronic surveillance equipment at his residence, allegedly linked to the Bank of Ghana.

This setup, he asserted, enabled the former Governor to monitor activities at the central bank remotely. He maintained that the search was carried out based on this intelligence, implying that the operation was justified.

Speaking in an interview with TV3, Rtd. Col. Aboagye elaborated on the allegations, claiming that sources within National Security had confirmed the existence of what he described as "back door electronic devices" at Dr Addison’s home.

“Monitoring is a very diplomatic word. This is spying, this is surveillance,” he stated.

He stressed that no former Governor of the BoG had the authority to install surveillance systems that allowed remote monitoring of the bank’s operations.

As of now, Dr Addison or his legal representatives have yet to issue an official response to the claims.