The Minority Caucus on Parliament’s Finance Committee is demanding clarity over what it calls a conflict of interest involving the Committee’s Chairman, Isaac Adongo, who also serves as a board member of the Bank of Ghana (BoG).
In a press statement dated May 16 and signed by Dr. Stephen Amoah, MP for Nhyiaeso, the group questioned the legality and ethical implications of the Bolgatanga Central MP holding both positions simultaneously.
Citing Standing Order 228(2) of Parliament, the caucus stressed that the Finance Committee is constitutionally mandated to monitor the central bank’s foreign exchange receipts and payments and to report to Parliament every six months.
“The law provides that the Bank of Ghana must report to the Finance Committee. How can a board member of the same BoG chair that committee?” the statement queried.
The Minority argued that this situation violates the principle of natural justice — nemo judex in causa sua — which means no one should be a judge in their own cause.
The statement also referenced Article 184(1) of the 1992 Constitution, which entrusts the Finance Committee with oversight of Ghana’s foreign exchange dealings.
“This dual role undermines the independence of the committee and represents a structural conflict of interest,” the caucus contended.
While acknowledging the financial rationale behind some of Mr. Adongo’s recent public statements—especially those concerning the withdrawal of foreign exchange reserves—the Minority argued that his role as a non-executive board member of the BoG inherently limits his authority.
“Even if the statement is financially prudent, his prescribed responsibility as a non-executive board member is being overstepped,” the statement noted.
The Minority has thus called for a review of Mr. Adongo’s positions, insisting that public trust and institutional integrity must take precedence over partisan convenience.
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