The Member of Parliament for Adaklu Constituency, Volta Region, honourable Kwame Governor Agbozo has poked the spending of the Bank of Ghana.
In his write-up, he wrote;
“It does appear that the losses, waste and profligacy we have witnessed at the Bank of Ghana in the last few days, is only the tip of the ice-berg. If Ghanaians thought they had heard enough, then we must brace ourselves for more scandalous revelations about more obscene waste, recklessness and potential corruption by the managers of the Central Bank.
My unimpeachable sources at the Bank have revealed that the Bank of Ghana has erected an ultra-modern four-storey Guest House Complex somewhere in Takoradi just for the comfort of the BOG Governor. The said creature comfort of the Governor goes by the name “Central Bank of Ghana Governor Guest House”, built just within one year.
My sources at the Bank have confirmed to me ongoing plans to erect a similar edifice in Tamale, while similar other wasteful expenditures have been planned to be executed within the next 9 months. Indeed, evidence from the BOG’s Financial Statement indicates some of the major ongoing projects of the bank include the “remodeling of some regional offices, development of the new Bank of Ghana Head Quarters project”, and “development of a New Guest House project in Tamale”.
The Bank’s financial Statement further discloses that legal claims made against the Bank alone amounted to a whopping GHS94.47 million in 2021 and GHS78.95 million in 2022.
The Bank of Ghana is pursuing this disservice of putting up fanciful guest houses in various regions of Ghana for the comfort of its management at a time the Bank has recorded a staggering loss of GH60.8 billion, never before witnessed in the history of Ghana, and a negative equity of GHS55.1 billion. Management of the Bank appears undaunted by public opprobrium against their waste and are determined to dissipate the public purse even further.
Only this week, we put out evidence of the biggest waste and misplaced priority being undertaken by management of the Central Bank in committing $250 million into an inflated and needless new Head Office at Ridge at a colossal $250 million. What makes this misplaced project an absolute stinker is the fact that this amount is capable of building five(5) of the state of the art Ecobank Head Office in Accra and six(6) of Kempinski Hotel also in Accra.
To say that the Bank of Ghana which is the lender of last resort currently finds itself embroiled in a sea of scandal is an understatement. There appears to be no end in sight to the rot that has engulfed the management of the Bank of Ghana.
That is why our call for the immediate resignation of the Governor is even more pertinent. The countdown to the resignation of Ernest Addison and his deputies is on, as the day of reckoning fast approaches. All well-meaning Ghanaians must embrace this call for accountability.