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BoG Governor appears before PAC after threat to cause his arrest

The Governor of the Bank of Ghana, Dr. Ernest Addison, appeared before Parliament’s Public Accounts Committee (PAC) yesterday, Wednesday, June 24, 2020.

This comes a day after the PAC threatened to cause his arrest if he failed to appear before the committee today.

The committee on Tuesday, June 23, 2020, expressed its displeasure with Dr. Addison’s failure to appear before it after several invitations.

The committee deferred its sitting on Tuesday over the absence of Dr. Addison.

PAC complained that several invitations to the Governor to answer some questions concerning the accounts of the central bank had been ignored.

But Dr. Addison finally appeared before the committee as it considered the Report of the Auditor-General on the statement of Foreign exchange receipts and payments of the Bank of Ghana for 2017 and 2018.

During the meeting, Dr. Ernest Addison told the committee that activities of illegal forex trading have reduced in the country.

According to the Governor, the shortage of foreign exchange which gives rise to the activities of illegal forex trading, also known as the Black Market, is not prevalent.

He attributed this to the government’s better management of the economy.


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