The Alliance for Social Equity and Public Accountability (ASEPA) has declared its intention to petition the Council of State to oppose President Akufo-Addo's decision to renominate Dr Ernest Addison as Governor of Bank of Ghana (BoG).

In a statement sighted by Joy News, signed by its Executive Director, Mensah Thompson, the group indicated that their reason for opposing this nomination stems from Dr Addison's "reckless action" led to the "unprecedented collapse of the securities sub-sector" in the country.

“We have learnt with great outrage the decision of the President to re-nominate Dr. Ernest Addison as Governor of the Central Bank for another four years tenure.”

“Dr. Addison who served as Governor of the Central Bank between the periods of 2017-2021 was at the centre of the reckless and illegal collapse of some banks and financial institutions violating the Banking Act with impunity.

“It was his conduct as Governor that created the environment for the unprecedented collapse of the securities sub-sector,” he stated.

The Executive Director indicated that this petition, along with another "opposition to Mr Ken Ofori-Atta as Minister for Finance that we (ASEPA) are taking to sanitize the financial sector of the economy which has been largely brought to its knees by the reckless action of the duo".

Dr. Ernest Addison was first appointed Governor for Bank of Ghana by President Akufo-Addo in April 2017, following the resignation of  Dr. Abdul-Nashiru Issahaku.