The New Patriotic Party (NPP) has swiftly responded to the National Democratic Congress (NDC)’s recent demand for the resignation of Dr. Ernest Addison, Governor of the Bank of Ghana, and his deputies. The NPP characterized the NDC’s call as a mere reflection of their inability to offer substantial solutions for the nation’s economic stabilization.
In a press release issued on Tuesday, August 8, the NDC gave a 21-day ultimatum for Dr. Addison and his deputies to step down from their positions, citing concerns over what they deemed “reckless management” of the central bank. Furthermore, the NDC threatened to march to the Bank of Ghana’s premises if their demand was not met.
Reacting to the NDC’s ultimatum, Richard Ahiagbah, Director of Communications for the NPP, urged the public to disregard what he referred to as “propaganda” by the opposition party. “Is the NDC trying to run the Bank of Ghana now? Is that the point they want to communicate to us, that the Bank of Ghana cannot make a decision until they refer to the NDC? This whole thing the NDC is doing is a clear distraction, clear evidence that the NDC doesn’t have any message,” Ahiagbah stated.
Ahiagbah emphasized that the focal point of the current discourse should be on revitalizing the nation’s economy and ensuring sustainable long-term growth, rather than engaging in what he deemed as political diversions. He suggested that the NDC should use their platform to present concrete ideas and strategies for bolstering economic recovery.
Furthermore, Ahiagbah highlighted that the financial losses incurred by the Bank of Ghana, amounting to 60 billion Ghana cedis in the 2022 fiscal year, are not unique to the country. He cited international examples of other central banks grappling with similar challenges due to the lingering effects of the COVID-19 pandemic and geopolitical factors.
“Countries worldwide are grappling with substantial losses within their central banks. The Bank of England and the Swiss bank are among those facing debts due to the economic aftermath of COVID-19 and geopolitical tensions like the Russian-Ukraine war,” Ahiagbah noted.
As tensions between the NPP and the NDC escalate over the fate of the Bank of Ghana leadership, Ghanaians remain focused on the pressing need for economic recovery and stability. The coming days will likely see further exchanges between the political parties as they attempt to steer the nation’s financial course amidst a complex global landscape
Source: citinews
