Home Business Arise-Ghana to join NDC’s #OCCUPYBOG protest if BoG Governor fails to resign

Arise-Ghana to join NDC’s #OCCUPYBOG protest if BoG Governor fails to resign


Pressure group, Arise-Ghana has served notice of its intention to join the NDC’s #OCCUPYBOG protest if the Governor of the Bank of Ghana, Dr, Ernest Addison, his deputies and board of directors do not resign by Tuesday, August 29, 2023.

This date falls within the NDC’s 21 days ultimatum given to the Governor over alleged mismanagement of the Central Bank.

The group’s decision stems from what it terms as the alarming revelations unveiled in the 2022 Report and financial statements of the Bank of Ghana.

In a press statement signed by its convenor, Rex Omar, the group noted that after painstakingly studying the alarming revelations of report, it has come to a conclusion that the ‘’central is in the unprecedented mess it presently finds itself because of crass mismanagement by the Addison-led Board and management’’.

They hold the view that the “illegal printing of money by BOG in the year 2021 and 2022 to the tune of GHS77 billion to finance the recklessness of the corrupt Akufo-Addo-Bawumia-NPP government, in flagrant disregard of section 30 of the BOG Act (as amended) is the height of irresponsibility and must be condemned by all well-meaning Ghanaians’’.

Arise Ghana again said “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 $250M 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’’.

In conclusion the statement says if the aforementioned officials of BOG refuse to resign within the 21-day ultimatum given them, Arsie Ghana and its allies will join forces with the Minority and other progressive forces to demand their resignation through a series of protests.

Meanwhile, the Bank of Ghana Governor has debunked assertions that it is putting up a building at a time of extreme economic hardship and losses by the bank.

Speaking at a press briefing earlier today, Dr. Ernest Addison said the construction began three years ago and they are already 50% completed with the project.


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