The South African National Democratic Congress Council of Elders Chairman, Benjamin Kofi Quashie, has criticised the Bank of Ghana's expenditure of a whopping GH¢97.4 million and GH¢1.316 trillion on foreign and domestic travels and motor maintenance and running respectively.

He questioned whether the Bank of Ghana (BoG) has been using Jaguars and Rolls Royces for their operations to occasion such quantum of monies expended.

Mr Quashie, in an interview on CTV, expressed worry at the high levels of dissipation of the Ghanaian taxpayer's money by the BoG.

"When we complain of not having money, this Bank of Ghana has gone round printing money for this government. In 2021 and 2022 alone, they printed more that ¢80 billion," he wondered, quizzing how the country got to this level.

He further revealed that out of the GH¢80 billion that was printed for government, ¢48 billion had been written-off as bad debt.

"You know what that has done? It has put almost 850,000 Ghanaians into poverty," Mr Quashie emphasised.

In the view of the SA Council Chair, such reckless and unconscionable expenditure on the part of the government is very thoughtless and shows a government that is highly inconsiderate of the plight of Ghanaians.