Tano North MP and Deputy Ranking Member of Parliament’s Finance Committee, Dr Gideon Boako, has alleged that the Bank of Ghana Governor acknowledged the Gold Purchase Programme introduced under the previous New Patriotic Party (NPP) administration as a key factor behind the recent stability of the cedi.
In a Facebook post on Wednesday, July 15, following the Governor’s appearance before Parliament’s Finance Committee, Dr Boako claimed the Governor’s written responses pointed to the programme, which was introduced under former Vice President Dr Mahamudu Bawumia and the NPP government, as the main reason for the currency’s performance.
He further alleged that the Majority in Parliament prevented the Governor from responding to questions on camera to stop the public from hearing those remarks.
“The only and main reason why the Majority in Parliament prevented the Bank of Ghana Governor from speaking on camera to the questions from the Minority today is that his own written responses presented to Parliament had stated that the reason for the stability of the Cedi is because of the Gold Purchase Programme introduced by Dr Mahamudu Bawumia and the NPP government,” Dr Boako wrote.
According to him, restricting the Governor’s televised responses denied Ghanaians the opportunity to hear what he described as the Bank’s own explanation for the cedi’s stability.
Dr Boako argued that the Governor’s reported responses vindicated the previous administration’s economic policy and concluded his remarks by stating, “They don’t want the public to hear this honest admission from the Governor. The God of Bawumia is alive.”
