The Ranking Member of Parliament\u2019s Economy and Development Committee, Kojo Oppong Nkrumah, has criticised the handling of the 2025 audited annual report of the Bank of Ghana (BoG), warning that it could undermine the institution\u2019s independence.<\/p>\n
According to him, the report was improperly handed over to the National Democratic Congress instead of being presented to Parliament through the appropriate legal process.<\/p>\n
Speaking on\u00a0Asempa FM\u2019s\u00a0Ekosii Sen\u00a0Show on Monday, May 4, Mr. Oppong Nkrumah explained that the established procedure requires the report to be submitted to the finance minister, who then reviews it and lays it before Parliament.<\/p>\n
He argued that bypassing this process sets a dangerous precedent that could lead to the politicisation of the central bank.<\/p>\n
\u201cThe official audited annual report for 2025 from the Bank of Ghana was given to the NDC to announce, instead of being presented to Parliament as required. Typically, the report is sent to the finance minister, who adds their comments and then submits it to Parliament. However, that process was not followed; instead, the report was handed directly to the NDC party.<\/p>\n
\u201cWhat they are doing is setting a precedent that will lead to the politicisation of the Bank of Ghana,\u201d he stated.<\/p>\n
Oppong Nkrumah further cautioned the leadership of the Bank of Ghana against allowing political influence to dictate how it complies with its legal obligations.<\/p>\n
He described the development as a \u201cblatant illegality\u201d and insisted that such an occurrence should not be repeated.<\/p>\n
\u201cAre we supporting the bank\u2019s independence and credibility, or are we undermining it? The governors should not allow the NDC party to dictate how they comply with the Bank of Ghana Act. This situation should never occur again, as it represents a blatant violation of established procedures,\u201d he said.<\/p>\n
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"The Ranking Member of Parliament\u2019s Economy and Development Committee, Kojo Oppong Nkrumah, has criticised the handling of the…\n","protected":false},"author":2,"featured_media":411703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-411702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/411702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=411702"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/411702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/411703"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=411702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=411702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=411702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}