60 billion cedis loss

BoG’s ¢60B Loss Is Abnormal And Beyond The Bank’s Control – Expert

BoG’s ¢60B Loss Is Abnormal And Beyond The Bank’s Control – Expert

The Minority in Parliament, alongside some Ghanaians, protested against the Bank of Ghana Governor, Ernest Addision and his deputies following a staggering ¢‎60 billion loss, which the protestors say was because of mismanagement. However, in contrast to this perspective, a banking consultant holds a different viewpoint. According to Nana Otuo Acheampong, the 2022 BoG loss was not only abnormal but beyond the control of the Central Bank as a result of the Domestic Debt Exchange Programme (DDEP). He explained that a DDEP is not a yearly occurrence and as such the BoG does not stand to lose such a huge…
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