Samuel Akonga, a member of the NPP’s Upper East Regional Communication Team is hoping that the President would dismiss, with immediate effect, the Finance Minister, Ken Ofori Atta and Governor of the Bank of Ghana Ernest Kwamina Addison.
Speaking on A1 Radio’s Day Break Upper East Show today, Tuesday, November 1, 2022, he said both individuals have failed in their respective roles. Should Ghana find its way out of the current economic doldrums, the duo cannot play any meaningful roles.
Mr. Akonga’s comments were made in connection to the President’s thoughts on the effects of speculation on the cedi.
“On the issue of speculation, if we refrain, it will help in stabilising the cedi in the short term,” he said in strong support of the President’s sika mp3 dede comments.
Mr. Akonga admitted that the Bank of Ghana could have done more to avert the situation, the reason the Governor must lose his job.
“On that score, I believe, yes, there is the need for us to up our game. Almost all the time, there is the need to brief the business community about what is going on; what steps are being put in place to manage the cedi.”
“I think that on the issue of the dollar, I sincerely believe that the Governor of the Bank of Ghana must go. When the issue about this Finance Minister came, I was part of those who agreed for the Finance Minister to go. Thereafter, I believe that if the Finance Minister is to go, it mustn’t be he alone. The Bank of Ghana Governor should also go.”
Mr. Akonga explained that the BoG, led by its Governor, has failed in its supervisory role.
“One of the cardinal functions of the Bank of Ghana is to play the supervisory role on all other banks. If you give the dollars to the bank and you expect the dollars you have given are inside the bank, you have reneged on your responsibility. You are supposed to follow and put in place rigid measures that would not allow any black marketer to come into the market or the bank and buy out these dollars in whole.”
Additionally, Mr. Akonga suggested that Ghana, as part of protecting the value of the cedi could eliminate forex bureaus entirely or could dictate to them the rates they should trade currencies.
Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana