The Bank of Ghana has been compared to a crime scene by Mahama Ayariga, the member of parliament for Bawku Central.
Prior to the university’s #OccupyBoG demonstration, he made the comments while speaking to attendees of a public discussion on Thursday at the University of Professional Studies, Accra (UPSA).
He declared it unacceptable that the Central Bank had overlaid the government in the previous year.
He claimed that despite 2016 being a challenging budget year and an election year, former president John Dramani Mahama did not need to borrow money from the BoG.
However, the Central Bank’s present managers have transformed the institution into a crime scene since they are so involved in financial wrongdoing.
“It is important to point out that, in 2016, on the watch of President John Mahama and notwithstanding that year’s general elections, the NDC government financed the entire budget without any support from the Bank of Ghana. The Bank of Ghana is now a crime scene and the managers of the economy led by Mr. Strategist aided and abetted this economic crime.”
”Why are we embarking on the #OccupyBoG protest march?
Our protest march is in support of our demand for the governor of the Bank of Ghana and his two deputy governors to resign immediately. Between 2019 and 2022, they mishandled the Bank of Ghana and, in violation of the Bank of Ghana Act, illegally and excessively created money, resulting in a 54.1% hyperinflation.
As a result, 850,000 more Ghanaians moved from middle-income to extremely poor status. They also lost GH60.8 billion by carelessly mismanaging the Central Bank, resulting in a GH55.1 billion negative equity.
Along with other financial misdeeds by the Governor, his Deputies, and Directors of the Bank of Ghana as reported in the Bank’s 2022 Annual Report and Financial Statement, they also fraudulently wiped off a staggering GH48 billion of the government’s debt. These are the justifications behind our decision to march in protest of #OccupyBoG on September 5, 2023.