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BoG not mandated to report daily activities to Parliament – Kyei-Mensah-Bonsu

The Majority Leader, Osei Kyei-Mensah-Bonsu, has strongly criticized the Minority Leader, Dr. Cassiel Ato Forson, for calling for the resignation of the governor of the Bank of Ghana (BoG) and his deputies amidst allegations of financial mismanagement.

The Minority in Parliament is demanding the resignation of Dr. Ernest Addison and his deputies, alleging gross financial mismanagement within the Bank of Ghana.

Osei Kyei-Mensah-Bonsu challenged the validity of the allegations and raised concerns about the political undertones of the dispute.

He emphasized that the issue should not be reduced to a mere partisan contest between the NPP and NDC (two major political parties in Ghana), highlighting the importance of a balanced and informed discussion.

The Majority Leader clarified that the Bank of Ghana is not legally obligated to report its daily activities to Parliament, contrary to the claims made by Dr. Ato Forson.

He stated that the law only requires the Bank to report foreign exchange receipts to Parliament, a mandate that the Bank has consistently fulfilled.

Kyei-Mensah-Bonsu urged against the politicization of issues related to the Bank of Ghana, stressing that such actions are not in the best interest of the country.

He highlighted that the constitution dictates that any law inconsistent with the constitution is null and void, and expressed the need for a careful examination of the facts of the matter.

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