{"id":571429,"date":"2026-04-08T08:47:18","date_gmt":"2026-04-08T08:47:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/571429\/"},"modified":"2026-04-08T08:47:18","modified_gmt":"2026-04-08T08:47:18","slug":"you-have-been-very-abysmal-apologise-and-resign","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/571429\/","title":{"rendered":"You have been very abysmal; apologise and resign"},"content":{"rendered":"

\"Economist <\/a>Economist and Director at the Institute of Economic Research and Public Policy, Dr Kwasi Nyame-Baafi<\/p>\n

Economist and Director at the Institute of Economic Research and Public Policy (IERPP), Dr Kwasi Nyame-Baafi, has called on the Governor of the <\/a>Bank of Ghana<\/a>, Dr Johnson Asiama, to apologise to Ghanaians over the potential huge losses the Central Bank could record in 2025.<\/p>\n

In a post on Facebook, Dr Nyame-Baafi questioned why Governor Dr Asiama remains in office after reportedly admitting that the <\/a>Bank of Ghana<\/a> would record unprecedented losses under his leadership if not for the sale of Ghana\u2019s gold reserves, describing the situation as \u201cshameful.\u201d<\/p>\n

\u201cIsn\u2019t Governor Asiama ashamed? He should be apologising to Ghanaians by now. The Central Bank will record unprecedented losses under his leadership,\u201d his post partly reads.<\/p>\n

He added, \u201cNow critical gold reserves, assets he did not help accumulate, are reportedly being sold to cover those losses. In many serious jurisdictions, this would have led to his removal.\u201d<\/p>\n

Speaking at the 129th Monetary Policy Committee press briefing on March 19, 2026, Governor Johnson Asiama confirmed that the sale of over 19 tonnes of gold generated a profit. <\/p>\n

According to him, the transaction made a profit of over $1.3 billion, all within Ghana\u2019s international reserves. <\/p>\n

He noted that without these sales, the Central Bank would have reported losses far exceeding what has been disclosed.<\/p>\n

\u201cHow can we record such huge losses and the Governor is still at post? Unbelievable! We can only imagine what the actual numbers would look like when they come out. Asiama should lose his job,\u201d one finance expert remarked.<\/p>\n

Dr Nyame-Baafi also highlighted the role of Ghana\u2019s strengthened gold reserves.<\/p>\n

\u201cConsider, for a moment, if Dr Bawumia had not strengthened Ghana\u2019s gold reserves. What would Governor Asiama have relied on to cover these unprecedented losses?,\u201d he asked.<\/p>\n","protected":false},"excerpt":{"rendered":"Economist and Director at the Institute of Economic Research and Public Policy, Dr Kwasi Nyame-Baafi Economist and Director…\n","protected":false},"author":2,"featured_media":571430,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-571429","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/571429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=571429"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/571429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/571430"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=571429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=571429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=571429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}