BoG GH¢60Bn Loss: 'Summon The Governors' - Nana Akomea Tells Finance Committee of Parliament

Chief Executive Officer of the InterCity State Transport Corporation (STC), Nana Akomea has called on the Finance Committee of Parliament to probe the management of the Bank of Ghana on the bank's GH¢60 billion loss.

"The Bank of Ghana recorded a staggering loss of GHS60.8 billion, which is equivalent to $6 billion. This is twice the amount we are to receive from our recent IMF bailout,” Minority Leader, Ato Forson, said during their "Moment of Truth" engagement with the media.

The Minority added; “The bank has also recorded a negative equity of over GHS55.1 billion. What this simply means is that the Bank of Ghana is insolvent" and blamed the incumbent government stating "the once prestigious Bank of Ghana, the mother of all banks in Ghana, has been bankrupted and collapsed by this NPP economic management team led by Dr Mahamudu Bawumia with the complicity of the Governor of the Central Bank.”

They have issued a 21-day ultimatum to the Governor of the Bank of Ghana, Dr. Ernest Addison and his deputies to resign and threatened to picket the bank if the Governors fail to comply with the order. 

"We in the National Democratic Congress (NDC) saw the red flags and have consistently warned of the mismanagement of the financial sector by the Governor of the Central Bank and his team of incompetent deputies," the Minority warned.

Speaking on Peace FM's "Kokrokoo" show, Nana Akomea requested investigations into the matter stressing "for transparency and accountability, Finance Committee of Parliament should summon the management of the Bank of Ghana to give accounts to the Finance Committee".

He added; "It is good for the Bank of Ghana itself and for our democracy . . . It is even good for the government that a clear investigation is done or a clear justification is offered if it can be justified. If it is not justified, it is good for transparency and accountability."