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9th August 2023 10:31:52 AM
1 min readBy: Phoebe Martekie Doku

The New Patriotic Party (NPP) has labeled the National Democratic Congress' (NDC) demand for the resignation of Bank of Ghana Governor, Dr. Ernest Addison, and his deputies as a reflection of the NDC's lack of constructive solutions for economic stabilization.
The NDC had threatened to march to the Bank of Ghana's premises and force Dr. Addison and his deputies to resign within 21 days, citing what it calls reckless management of the bank.
But speaking to the media, NPP's Director of Communications, Richard Ahiagbah, dismissed the NDC's stance as propaganda, asserting that the NDC was attempting to interfere with the central bank's decisions.
Ahiagbah questioned, "Is the NDC trying to run the Bank of Ghana now? Is that the point they want to communicate to us, that the Bank of Ghana cannot make a decision until they refer to the NDC?"
He urged the NDC to focus on constructive matters, emphasizing the need to strengthen the ongoing economic recovery and growth trajectory.
Furthermore, Ahiagbah highlighted that the Bank of Ghana's losses in its 2022 fiscal year are not unique to Ghana, citing similar occurrences in other central banks worldwide. He attributed these challenges to the global economic impact of events like COVID-19 and the Russian-Ukraine conflict.
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