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Press Release: Governor of Bank of Ghana must resign! — FOCAP issues

Press Release

Press Release: Governor of Bank of Ghana must resign! — FOCAP issues

FOCAP as an Advocacy and a Civil Society Group would like to add its voice to the numerous calls for the Board of BOG to resign.

 

For a Country that came out of Covid broke according to the government leading to various measures to save the economy including the introduction of various taxes and also going to the IMF on our knees for a bailout, to have an institution like the Central Bank start a building which initial cost was $ 80 million and later increased to $ 120 million and now heading towards 250million dollars only shows how Reckless & irresponsible the Board of BOG have been.

 

According to BOG, the building started around 2021 in the midst of Covid when the government was struggling for funds to even buy common vaccines. I mean, how irresponsible can one be?

 

Today, this same BOG that’s putting up a 250 million dollar headquarters has reported a loss of about 60billion Gh Cedis emanating from them giving Government loans which Government couldn’t payback.

 

Again this same Board went ahead to print new notes without going through Parliament and still run at a loss resulting in haircuts for Citizens with genuine investments with the bank.

 

It is scary that in the midst of all these hardship citizens are facing with the introduction of various taxes including taxes on Betting and listening to music we still have a group of Board of Directors who can indulge in the Reckless Spending of this nature.

The Creative Art industry which was promised 9 ultramodern theatres since 2016 is yet to witness the completion of just one amphitheatre with a budget of 500 thousand dollars. The government is taxing our online music platforms to raise revenue due to such Reckless and irresponsible spending of an institution such as BOG.

 

According to the Head of BOG, if they had to make the decision on building that headquarters today, they would have declined.

 

 

In the same way, FOCAP would like to tell the Board to have an introspective meeting and resign as they are willingly causing financial loss to the country, otherwise, we have no option than to join the 5th September 2023 demonstration by the Minority MPs against the Board of BOG.

 

(Story/Source: Enock Agyepong)

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Elorm Beenie is an experienced Public Relations Officer and Author with a demonstrated history of working in the music industry. He holds an enviable record of working directly and running PR jobs for both international and local artistes; notable among his huge repertoire of artistes worked with are Morgan Heritage (Grammy Winners), Rocky Dawuni (Grammy Nominee, 2015), Samini (MOBO Winner - 2006, MTV Awards Africa Winner - 2009) and Stonebwoy (BET Best African Act Winner - 2015). Other mainstream artistes of great repute he has worked with are Kaakie, Kofi Kinaata, Teephlow, (just to name a few), who have all won multiple awards under Vodafone GHANA Music Awards (VGMAs). Elorm Beenie has done PR & road jobs for Sizzla, Jah Mason, Busy Signal, Kiprich, Anthony B, Demarco, Turbulence, Popcaan, Jah Vinci & Morgan Heritage who came to Ghana for concerts and other activities. Elorm Beenie has done countless activations for artistes and has coordinated dozens of events both locally and internationally. He deeply understands the rudiments of the industry. His passion for the profession is enormous. Aside his PR duties, he also stands tall as one of the few bloggers who breakout first hand credible and also dig out substantial information relating to the arts & industry. He is quite visible in the industry and very influential on social media, which to his advantage, has gunned a massive following for him on social media as well as in real life. He is a strong media and communication professional skilled in Coaching, Strategic Planning, and Event Management. He's very transparent on issues around the art industry.

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