Despite requests from the Minority NDC caucus, the governor of the Bank of Ghana (BoG) has refused to step down.
In a brief statement, Dr. Addison denied claims of financial wrongdoing and announced that both he and his deputy governors would continue in their positions.
He called the recent #OccupyBOG protest in Accra unnecessary and criticized it.
Concerned about alleged money printing and bank losses in 2021, the Minority NDC caucus demanded the governor step down.
Dr. Addison addressed these worries by claiming that the Bank of Ghana followed the law when it provided financial assistance in 2020 and 2022 to deal with particular crises.
Additionally, he explained that the central bank’s debt holdings had to be impaired in order to comply with an International Monetary Fund (IMF) program, which is what caused the losses in 2021.
Dr. Addison emphasized that the choice to build the new bank headquarters was made in 2019—a successful year for the bank—and not during a period of financial unrest.
He recognized the Minority’s worries about not being able to present their petition, but he urged cooperation and dialogue while pointing out other avenues for resolving issues.
In connection with this, Francis-Xavier Sosu, a member of parliament for the Greater Accra Region’s Madina constituency, has apologized for an expletive-filled rant he delivered during the #OccupyBOG protest.
Sosu had hurled some foul insults at New Patriotic Party (NPP) leaders, including the deposed governor of the Bank of Ghana, Dr. Ernest Addison.
Francis Sosu basically said WMT to all of those leaders, saying it in a very crude Ga accent.
Francis Sosu changed his mind and offered an apology after facing criticism.
He claimed that they did not speak for him and that he was only angry at the NPP for having destroyed the nation.
“I was basically consumed by anger and frustration toward the mismanagement at the BoG. I take full responsibility of my statements on that tape, and I sincerely apologize to anyone who felt offended by my statements.
“Please find a place in your heart to forgive me. That was clearly out of character. This is not typical of the Sosu you know… “
