Prime News Ghana

You should know better as former BoG deputy Finance Minister – Kyei-Mensah-Bonsu to Ato Forson

By Vincent Ashitey
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The Majority Leader Osei Kyei-Mensah-Bonsu has lashed out at the Minority Leader, Dr Cassiel Ato Forson for 'politicising issues of the BoG'.

His comment comes after the Minority at the ‘Moment of Truth’ presser demanded the resignation of the Bank of Ghana Governor and his deputies for failing the nation.

The Minority claims that Dr Addison must quit his post for supervising the GHC60 billion loss the Central Bank recorded for the year-ending 2022.

The minority, among others, also claims that the Bank of Ghana failed to report its activities to Parliament.

Reacting to this to the Suame MP, Kyei-Mensah-Bonsu the BoG governor is not mandated to report daily activities to Parliament.

He believes the MP for Ajumako-Enyan-Esiam Constituency, who once was BOG deputy minister of finance knows the operations of the Bank of Ghana but he's playing politics with it.

According to him, the law only requires the Bank to report foreign exchange receipts to Parliament, a mandate that the Bank has consistently fulfilled.

“We should not make everything about NPP and NDC. Ato Forson should have known better because he has held the position of deputy minister of finance before and knows the operations of the Bank of Ghana. So, if you politicised issues of the BoG, it is not good for the country,” he noted.

He added, “there is no law that mandates the BoG to report its daily activities to Parliament. The law only mandates the BoG to report foreign exchange receipts to Parliament and the BoG has always complied with this provision. The BoG does not report directly to Parliament.

The Constitution says that if you pass any law that is inconsistent with the Constitution, that law is null and void. It’s either the Minority are overexaggerating issues or have not had time to examine the facts of the matter,” Mr. Osei Kyei-Mensah-Bonsu reiterated.