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BoG $250m saga: AriseGhana threatens to join Minority to picket over new edifice

by Emmanuella Asare
August 21, 2023
BoG $250m saga: AriseGhana threatens to join Minority to picket over new edifice
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AriseGhana has stated that it intends to join the Minority in a picket outside the Bank of Ghana’s headquarters to demand the resignation of the Governor, Dr Ernest Addison, and his deputies.

This comes after a controversy surrounding the Central Bank’s new headquarters, which is said to have cost over $250 million.

The Bank of Ghana (BoG) justified the building of a new headquarters, saying that its present headquarters, which was built in the 1960s, is no longer functional.

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In a statement, AriseGhana stated that their decision to join the picketing is a result of the central bank’s unprecedented mess which it presently finds itself because of crass mismanagement by the Addison-led Board and management.

“After painstakingly studying the damning revelations contained in the 2022 Report and financial statements of the Bank of Ghana, we have come to the conclusion that the Central Bank is in the unprecedented mess it presently finds itself because of crass mismanagement by the Addison-led Board and management.”

In a series of requests, the NDC is protesting against the expense of constructing the new edifice at Ridge, as well as seeking the resignation of the Bank’s governor and his two deputies.

Again, the group is also concerned about the Bank printing money in 2021 and 2022, which it attributes to irresponsibility and corruption.

“It is totally irresponsible, that the BoG has chosen to embark on an ill-timed and hyper-inflated new office complex project at a cost of a staggering $250,000,000.00 at a time it has incurred such gargantuan losses and negative equity due to mismanagement and financial imprudence. We share the view, that the decision by BOG to build a new $250 million office complex at this time is a misplaced priority and the height of insensitivity which must not be countenanced by Ghanaians.”

 

CLICK HERE TO READ STATEMENT FROM ARISEGHANA

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