The Democratic Credential Network, Ghana (DCN-Ghana) has thrown its weight behind the minority in Parliament for their decision to stage a protest against the Governor of the Bank of Ghana, Mr. Enerst Addison, and his two deputies for resigning following rotten deals at the BoG.
In a press release signed by Mr. Godwin Yao Kwashie, it was disclosed that BoG had sheepishly and shamelessly altered the initial budget allocated towards the building of the infamous new head office of the Central Bank at a time when the citizenry is experiencing untold hardship and debilitating economic woes.
“We are completely scandalized by the facts on procurement infractions being supervised by the Governor, Mr. Enerst Addison, and the Board,” the statement said.
The Think Tank also indicated that they are totally disgusted by the crust mismanagement and reckless mishandling of the affairs of the Bank of Ghana, which resulted in a huge loss of 60.8 billion Ghana CEDIs and a negative equity of 55.1 billion in 2022, with its attendant untold economic hardship on Ghanaians.
Speaking to Mr. Godwin Yao Kwashie, the Director of DCN-Ghana, he said they are backing the minority to further stage a demonstration against many acts of financial law nuisance by the Governor, his two deputies, and Directors of the Bank of Ghana as contained in the 2022 annual report and financial statement of the Bank.
He added, “Having weighed the troubling issues at BoG, it is important that DCN-Ghana also join the Minority Caucus to demonstrate against the rotten deals going on at the BoG. As such, we are calling on all well-meaning Ghanaians to join the demonstration being organized by the Minority Caucus of Ghana’s Parliament dubbed #OccupyBOG scheduled to take place on September 5, 2023.
Read below the full statement:
Democratic Credentials Network Ghana backs Minority on #OccupyBOG demo and call on Ghanaians to fully participate.
The Democratic Credentials Network, Ghana (DCN-Ghana) over the last couple of days followed with keen interest development in the media by the minority in Parliament and their intended plan to engage in civil action should the Governor of the Bank of Ghana, his deputies and Board of Directors failed to resign.
In fact, we are completely scandalized by the facts on the procurement infractions being supervised by Governor, Mr. Addison and the Board.
The secret printing of about GH 60 billion which led to hyper inflation of about 54.1% resulting in negative economic impact on Ghanaians is another grave concern of the Ghanaian masses.
We are also aware of how BoG had sheepishly and shamelessly altered the initial budget allocated towards the building of the infamous new Head office of the central bank at a time Ghanaians are struggling with harsh and debilitating economic conditions.
As a Think Tank aimed at influencing public policy and serving as a check on public institutions including the Bank of Ghana, we commend the Minority Group and other progressive forces for their collective actions in ensuring that management ills at BoG are corrected.
Having weighed the troubling issues at BoG, it is important DCN-GHANA also join the Minority group to demonstrate against the rotten deals going on at the BoG. As such, we are calling on all well-meaning Ghanaians to join the demonstration being organized by the Minority Group of Ghana’s Parliament dubbed#OccupyBOG scheduled for 5th September, 2023.
Communications Directorate, DCN-GHANA
Story by Lawrence Odoom