Thousands marched through Ghana’s capital Accra on Tuesday, demanding that the central bank governor, Ernest Addison, be dismissed for allegedly mismanaging the economy during the biggest debt crisis in a decade.
The protests are the latest expression of dissatisfaction with growing living costs, unemployment, and suffering in one of West Africa’s major economies. Last month, the capital was engulfed in multi-day protests.
The Bank of Ghana reportedly lost GH60.81 billion for the fiscal year 2022, raising serious questions about the bank’s administration and accountability. Furthermore, the bank’s plan to spend more than $250 million on the construction of a new headquarters has been questioned, particularly in view of the country’s present economic difficulties. Protesters are questioning the distribution of such large sums of money in the wake of massive financial losses.
Addison, who has been in the position since 2017 and has a two-year term remaining, stated last month that stronger economic indicators will soon translate to greater salaries and buying power.
However, a more stable currency, reduced inflation, and stronger GDP have not yet aided people trying to make ends meet.
The Minority Caucus in Parliament and the National Democratic Congress (NDC) are spearheading the demonstration, refusing to comply with police instructions and marching to the Central Bank’s premises to deliver their petition to the governor’s officials.
Samuel Okudzeto Ablakwa, Member of Parliament (MP) for North Tongu Constituency, is one of the Minority MPs coordinating the #OccupyBoG protest. He stated that they will pursue his prosecution following the resignation of the BoG Governor.
Ghana, a producer of gold, oil, and cocoa, has agreed to a $3 billion three-year credit package with the International Monetary Fund to assist alleviate the situation. One of the requirements for obtaining that money is debt restructuring.
Glamour Adah
Follow us on:
Cocaine, meth, opioids bound for the UK, Italy, Turkey, and Qatar were intercepted by NDLEA…
President Bola Tinubu has conferred the Grand Commander of the Order of the Niger (GCON)…
Angry residents in Ondo have set a car ablaze on Saturday night after fatal accident…
The Federal High Court has ruled that the NBC lacks authority to fine, sanction media…
President Tinubu has welcomed Indian Prime Minister Modi to the Presidential Villa in Abuja for…
Chidimma Adetshina achieves a groundbreaking milestone, becoming the first runner-up at Miss Universe 2024.
View Comments
E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
Camry Tinny-Light=550,000
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=700,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=800,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((09156089111) (+234_915_608_9111)