
Heritage Series: New notes to circulate from Dec 1; existing notes remain legal tender – BoG
3 mins read
5th October 2023 12:59:03 PM
2 mins readBy: Chris Kodo
Political science lecturer at the University of Ghana, Professor Ransford Gyampo, has expressed disapproval of what he deems as the "arrogant" demeanor and response exhibited by Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), in response to the demonstrators affiliated with the OccupyBoG movement.
This comes in the wake of Dr. Addison's rejection of the demands made by the opposition National Democratic Congress (NDC) and the Minority Caucus in Parliament, urging him to resign from his position.
In an interview with the international business website Central Banking, he firmly stated his refusal to step down, characterizing the NDC's protest as entirely unwarranted.
“The Minority in parliament have many channels to channel their grievances in civilised societies, not through demonstrations in the streets as hooligans,” Dr. Addison added in reference to the #OccupyBoGProtest.
In reaction, Professor Gyampo, questioned the authority of the BoG Governor, whom he says has "a very infinitesimal understanding of the system of government we have decided to operate."
"Your response to the tax payers and demonstrators is unprecedented. You want to determine how they voice their dissatisfaction about your abysmal performance? You described them as hooligans for demonstrating against you? Please who are you? Are you a demi-god or some deified ancestor-incarnate?" he quizzed.
In his open letter to Dr Ernest Addison, Prof Gyampo entreated the Governor to review his conduct as his actions has had adverse effect on the country's economy.
He noted that the Governor spent about GH¢137 million on vehicle maintenance; collapsed over 400 banks and micro-finance companies; printed over GH¢700 trillion within 2 years; and depleted our foreign reserves.
“Please Governor, printing money does not make you owner of human life and human rights and respectfully, sir, you portray a certain high-level poverty, if all you have, is the money you have printed, which makes you arrogant in insulting taxpayers who are unhappy with your abysmal performance. This isn’t how Governors G.K Agamah, K. Dufuor, P. Acquah, and N. Ishahakku handled the BoG. These chaps were simply sober and competent,” he added.
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