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Minority wants Parliament to summon BoG Governor over new cedi notes


The Minority in Parliament has served notice of pushing for the Governor of the Bank of Ghana, Dr. Ernest Addison, to be summoned in Parliament over the latest exercise by the Central Bank to release new 100 and 200 cedi notes and 2 cedi coin.

According to the Minority, the decision is unjustifiable and thus, the people of Ghana must be properly accounted to.

Addressing the press, the Minority Leader, Haruna Iddrisu said they are pushing for the Governor to be hauled before Parliament because of his “unsatisfactory explanations” for the printing of the new cedi notes.

He also said they will track the process to ensure the money does not end up as funding for the governing New Patriotic Party’s 2020 Campaign.

“The Governor of the Bank of Ghana has given some unsatisfactory explanations for the printing of the high denomination cedi banknotes…what has happened to their promise of a paperless and formalized economy?”

“We hope the amount of revenue to arise as part of synergy will not be used for the purpose of funding the NPP campaign and their projects in the 2020 parliamentary elections. We think that the central bank must be stopped immediately.”

Mr. Iddrisu also had questions about the upgrading of the Cedi with new security features in May 2019.

“What happened to the amount of Ghana the ban of Ghana made from issuing the upgraded currently in may this year. The government must account properly to the people of Ghana on this transaction as well.”


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