#OccupyBoG demo has spurred Governor into action - Lecturer

A senior lecturer at the Economics Department of Accra Technical University (ATU) in the Greater Accra Region has acknowledged that the Minority's 'Occupy BoG Demo' has spurred the management of the central bank into action.
Dr Daniel Osabutey commended the Bank of Ghana (BoG) for addressing concerns raised during the demonstration regarding the institution's perceived wasteful expenditures.
Dr Osabutey expressed his appreciation for the bank's recent efforts in communicating with the public through timely press releases and other means.
However, he urged the Minority to separate politics from the monetary management of the economy, emphasising that monetary policy is independent of political considerations.
He echoed the sentiment that weak economic fundamentals can leave the country's currency vulnerable.
These sentiments, reminiscent of Dr Mahamudu Bawumia's statements when he was a running mate, remain relevant, according to Dr Osabutey.
He shared these thoughts during a discussion segment on Ghana Yensom, Accra100.5FM's morning show hosted by Odehyeeba Kofi Essuman on Wednesday, December 6, 2023.
The Minority in Parliament, following their 'Occupy BoG Demo,' insisted that the Bank of Ghana Governor, Dr Ernest Addison, personally receive their petition.
Their demonstration was prompted by concerns over the central bank's losses in 2022 and alleged illegal printing of over GH¢80 billion.
The demonstration that took place on Tuesday, September 5, saw several Ghanaians marching in protest to the BoG's mismanagement of the economy.
In response, Dr Addison clarified that the central bank provided funding for the government only in 2020 and 2022 during the COVID-19 pandemic when capital market investors declined to lend to the government.
The NDC MPs, however, rejected his explanation, emphasising their dissatisfaction with what they perceive as mismanagement of the Bank of Ghana's affairs.
Source: Classfmonline.com/Cecil Mensah
Trending News
Defence Minister engages NDC Greater Accra ward coordinators
10:14Ato Forson elected Chairman of ECOWAS Bank for Investment and Development
02:30Give peace a chance – Mpraeso MP to Bawku youth
09:00Minority raises alarm over President’s petition to remove Chief Justice
10:06100 newly posted teachers picket GES over seven-month salary arrears
17:16C/R: Fire destroys five shops at Kasoa- Columba junction; items worth millions lost
08:37Agongo: I don’t womanise, gamble, drink, smoke; my money is for helping the poor – that gives me joy
03:57Minority Caucus donates GHS 200,000 to victims of Adum Blue Light market fire
15:01Bawku crisis: Exercise restraint and allow Otumfuo's peace process to come to its logical conclusion - Ayariga to residents
08:20'I'm not running for 2028' – NAPO
18:33