Minority Leader in Parliament, Dr Cassiel Ato Forson, has accused the Bank of Ghana of spending a total of GHS8.6 million on salaries for its Directors.

According to him, this represents about 87 percent increase in expenditure incurred by the Central Bank in a year.

Dr Ato Forson while engaging the press on August 8, expressed disappointment in the Central Bank, noting that such a huge amount could not motivate the leaders to prevent the colossal loss recorded by the institution.

The Annual Report and Financial Statement of the Bank of Ghana reveals that the institution incurred a loss of GH¢60.8 billion from its audited financial statement for the 2022 fiscal year.

This loss according to the Bank of Ghana is largely due to the government’s debt restructuring activities.

For the Minority Leader, "Ghanaians were charged a 'Mismanagement Fee” to deliver thecollapse of the Bank."

He also claimed that the Central Bank spent a colossal GHS357.9 million on Banking Supervision Expenses; a whooping GHS67.9 million on computer expenses while communication expenses amounted to GHS32 million.

Undisclosed expenses, Dr Ato Forson said, amounted to GHS287.8 million of the taxpayer’s money.