BoG governor, entire board,set-up must be dissolved

Chief Executive Officer (CEO) of Marrer Ghana Limited, Susatgad Boat Building and Fishing Industries, Mr. Novihoho Afaglo has added his voice to calls advanced by sections of Ghanaians and the minority in Parliament demanding the immediate resignation of the Governor of Bank of Ghana (BoG) and his deputies.

According to him, not only must the  Governor resign but the entire chain and setup of BoG should be collapsed for their supervision over corruption.

Speaking in an interview, Mr Afaglo said the Governor and his deputies alone could not have achieved this all time distasteful act but but happened under the watch of the entire 12-member board.

He maintained that, it will not be out of place if the board members and their chairman are immediately dissolved for gleefully watching and supervising incompetence and corrupt practices.

Mr. Afaglo noted further thst the 12-member BoG board also contributed to the failed Nana Addo Dankwa Akufo-Addo's regime by failing to whip management of the bank along on matters of principles and banking.

“What I’m saying is that if three years ago the BoG has the power to supervise the collapse of some banks in Ghana over what they described as mismanagement, what will Ghanaians now described the Central Bank and its board members,” he quizzed.

The CEO said the BoG’s staggering loss of GHS 60.8 billion, close to 20 times less than what the country is seeking from International Monetary Fund, a matter he referred to as disgraceful and unacceptable.

On the NDC's assurance, Mr. Afaglo stated “One thing the National Democratic Congress (NDC) is promising the good people of Ghana is that once former President John Mahama is sworn into office come 2025, they should have hope that all these criminals will face the law".

He said what is more troubling and disturbing is the fact that after bringing the BoG under its knees, the Board, Governor, deputies and entire management find it expedient to invest GHS 2.8 million on a new head office building without any recourse to the huge financial burden on Ghana.

In view of the above, he called on all meaningful Ghanaians to join the minority's call to occupy Bank of Ghana to save it from further financial collapse.