Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has slammed the Governor of the Bank of Ghana, Dr. Ernest Addison.
He said the central bank is in ruins due to the ineffectiveness of Dr. Addison as Governor.
In a post on social media, the former President said the Bank of Ghana is hiding under the domestic exchange programme to justify their recklessness.“An incompetent Finance Minister damages the economy and uses Covid-19 and Ukraine/Russia war as cover-ups. A pliant Governor destroys the Central Bank and seeks to use the Domestic Debt Exchange (DDE) as a cover,” Mahama wrote.The NDC Flagbearer’s comment comes after the Bank of Ghana explained that GH¢53.1 billion out of the GH¢60 billion losses it posted in its 2022 financial results were a direct result of the government’s domestic debt restructuring exercise, both the first and second phases.
