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    Home»Politics»BoG response to Minority worthless and useless – Sammy Gyamfi
    Politics

    BoG response to Minority worthless and useless – Sammy Gyamfi

    Insight NewsBy Insight NewsAugust 10, 2023No Comments2 Mins Read
    BoG response to Minority worthless and useless – Sammy Gyamfi
    Sammy Gyamfi
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    The National Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi has described response from the Bank of Ghana (BoG) to the call for resignation of Governor of the bank, Dr Ernest Addison and his deputies, among other issues raised by the NDC Members of Parliament as “worthless and useless”.

    This comes after BoG in a statement on August 9, 2023 described the assertion created the NDC Minority in Parliament as falsehood.

    READ ALSO: Jennifer Queen Defends The Bank of Ghana (BoG) Regarding The Construction Of Its New Office

    Concerning issues raised on Communication expenses, the bank said, “The major item under communication is electronic data transmission charges, including the Reuters and Bloomberg platforms which supports our reserve management and management of petroleum funds as well as currency and exchange rate constituted about 57.4% of the total communications cost. This was followed by the publications and Gazettes (15%), Advertisement (10%), Newspapers local (0.75%) and Newspapers foreign (0.46%).”

    Earlier the NDC Minority threatened to march to the premises of the Bank of Ghana to drag Dr Addison and his deputies from office if they fail to resign within 21 days, due to what it described as the reckless management of the bank by the officials.

    Responding to everything on Thursday’s edition on Metro TV Good Morning Ghana, Sammy Gyamfi said the bank refused to respond to the fundamental concerns raised by the NDC.

    He said, “The statement from the Bank of Ghana purported to respond to claims made by the NDC against the state of our Central Bank is totally worthless and useless. As a matter of fact, that statement is not worthy of the sheet of paper it was printed on. I say that for two reasons – the statement does not address the fundamental issues that the NDC raised concerning the current health of the Bank of Ghana and the underlining factors or the actions and inactions of the bank that has led to that. The statement in anyway did not address any of the issues that we raised. Again, the statement is worthless and useless because it provides very flimsy excuse with concern to the outrageous expenditure the bank engaged in last year coupled with the mismanagement of the bank that has led to the crisis we have on our hands.”

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