The Majority in Parliament says it will deny the Minority its support to drag the Bank of Ghana’s Governor, Dr Ernest Addison to Parliament for interrogation over the losses the bank recorded in 2022.
The leader of the NPP MPs, Osei Kyei-Mensah-Bonsu says his colleagues already have formed a prejudiced mindset against the BoG Governor.
According to him, no explanation from Dr Addison will be appreciated by the Minority in Parliament and they will only jettison the same which will amount to a waste of time.
The Minister for Parliamentary Affairs speaking in an interview with Accra-based TV3, on Monday, October 9, insisted they [Majority] are not prepared for such games.
“We are Members of Parliament, we could have invited the Governor to come and talk about the issues that are not clear to us. You go on a demonstration and organize a press conference against the man then you come back to Parliament to move the motion [to invite him], do you want me to support that?”
“Now, you have made up your mind that whatever has been done by [the Governor] is inappropriate, you are not going to countenance it, so if he comes to explain the issues, are you going to take it or jettison it?” he quizzed.
The Minority has been demanding the resignations of Dr. Addison and his two deputies over allegations of mismanagement.
Initially, they had given the three officials 21 days to step down but later resorted to street protests, marching to the central bank’s headquarters to physically demand their resignations.
The National Democratic Congress (NDC) Members of Parliaments were particularly incensed by the allocation of over $200 million for the construction of a modern headquarters in Accra at a time when the Central Bank reported financial losses and thus organised a demonstration against him on Wednesday, October 3.
But the Governor Addison has stated that he will not resign from his position following the demands of the Minority NDC caucus.
According to an international business website, Central Banking, Dr Addison said the demonstration was unnecessary.
The website quoted the BoG Governor as saying “The demonstration yesterday [Monday] was completely unnecessary”, adding that neither he nor his deputies will leave their jobs.
“The Minority in parliament have many channels to channel their grievances” Dr. Addison is further quoted by the website.
The BoG Governor further dismissed claims of printing money to finance the government’s lifestyle as alleged by the Minority group.
He explained that the BoG provided monetary financing during 2020 and 2022, to meet specific crises which he says is legal under the central bank law.
Touching on the bank’s losses recorded in 2021, Dr Addison said the impairment of the central bank’s debt holdings that caused the losses in 2022 was a requirement for the International Monetary Fund (IMF) programme. The Bank of Ghana did not forgive any debts.
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