Minority Leader Advocates for Independence of Bank of Ghana

Minority Leader Alexander Afenyo-Markin has called on Bank of Ghana’s Governor Dr. Johnson Asiama to maintain the institution’s independence and avoid political interference. He expressed concerns about selective scrutiny of the bank’s actions, highlighted past issues in the banking sector, and stressed the importance of stability in economic discussions within Parliament, particularly in light of the new headquarters of the BoG.

Minority Leader Alexander Afenyo-Markin has urged Dr. Johnson Asiama, the Governor of the Bank of Ghana (BoG), to uphold the independence of his office and steer clear of political controversies. During his address in Parliament, Mr. Afenyo-Markin cautioned against the selective scrutiny of the central bank’s actions, emphasizing the importance of impartial oversight.

He recounted a past instance from the 2015 State of the Nation Address, where then-President John Dramani Mahama expressed concerns about the Bank of Ghana’s supervision of the banking sector. Afenyo-Markin questioned the consistency of the information being requested from the Governor, inquiring if there is a selective approach to which issues warrant a briefing.

Further, he advised Dr. Asiama to resist political influence, emphasizing, “Mr. Governor, do not make yourself a tool for political football.” He highlighted the pivotal role that the governor of the central bank plays in the nation’s economy and urged against the politicization of this crucial office.

Mr. Afenyo-Markin’s comments were in the context of ongoing discussions regarding the new headquarters of the BoG, with the Minority asserting that due process had not been followed, while the Majority defended the legitimacy of the proceedings. Additionally, he called upon the Majority in Parliament to handle economic discussions with care, noting that their decisions could profoundly affect Ghana’s financial stability.

Dr. Johnson Asiama, the Governor of the BoG, had appeared before Parliament to address inquiries related to the new headquarters building, which was officially inaugurated on March 20, 2024, by former President Nana Addo Dankwa Akufo-Addo.

In conclusion, Minority Leader Alexander Afenyo-Markin’s remarks underscore the importance of independence for the Bank of Ghana and caution against political interference. His call for impartial governance reflects the crucial role that the central bank plays in the nation’s economy. As discussions continue regarding the Bank’s new headquarters, it is imperative for all political factions to prioritize financial stability and due process.

Original Source: www.ghanabusinessnews.com