5th October 2023 10:58:54 AM
2 mins readDeputy Chief Executive of the National Youth Authority, Akosua Manu, has shared her thought on the recent #OccupyBoG protest, asserting that it was misdirected. She emphasized that the Bank of Ghana (BoG) does not involve itself in food crop cultivation for estimating food inflation.
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During her appearance on TV3's New Day, Akosua Manu acknowledged the significance of holding institutions accountable but underscored the importance of ensuring that such actions remain within the institution's proper jurisdiction."Some of the things that the minority talked about, if they are talking about factors that affect inflation, including food, it is not BoG that plants maize or plantain to determine that. It doesn't come to them.
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Secondly, if you want to have a conversation about him resigning, he doesn't appoint himself; take it to the right authority for that to happen, so it becomes a question of gimmicks and games," she stated.Manu also pointed out that it was fitting for the government to seek assistance from the BoG, as it falls under the government's purview.
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She contended that the Bank of Ghana could potentially extend financial support to the government, including options like an overdraft, in a manner it deems appropriate.However, Manu criticized Dr. Ernest Addison, the Governor of the Bank of Ghana, for labeling demonstrators as "hooligans.
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"She disagreed with his choice of words, stating, "In the end, I disagree with the description of the protesters as hooligans; he performed poorly on that front. No one can make me believe that they were the right words to use."Nevertheless, Manu took issue with Dr. Ernest Addison, the Governor of the Bank of Ghana, for characterizing the protesters as "hooligans.
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" She expressed her disagreement with his language choice, remarking, "Ultimately, I do not agree with referring to the demonstrators as hooligans; he fell short in that regard. I am not convinced that those were the appropriate words to use.
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"The Minority coalition in Parliament, comprised of members representing the National Democratic Congress (NDC), CPP, PNC, and other civil society organizations, orchestrated the Occupy Bank of Ghana (BoG) demonstration on Tuesday, October 3, 2023.Their primary demand was the immediate resignation of the BoG Governor and his two deputies.
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The protest saw the participation of thousands of individuals who marched along the main thoroughfares of Accra.The group's key grievances encompassed the GH¢60 billion loss incurred by the Central Bank in the 2022 fiscal year and the controversial new central bank headquarters project, projected to exceed $250 million USD in cost.
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