General News of 2014-08-14

Mahama must sack Wampah – MP insists

The Member of Parliament (MP) for Manhyia South, Dr. Matthew Opoku Prempeh has also joined calls for the governor of the Bank of Ghana, Dr. Henry Kofi Wampah, to either resign or be sacked.

Dr. Opoku says the governor should be fired for failing to take measures to stop the continuous fall of the cedi against major trading currencies.

The Manhyia South legislator is not the first to request for the sacking of the governor.

A Legal Practitioner, Dr. Maurice Apaw earlier this month, asked President Mahama to sack Dr. Wampah for similar reasons.

Dr. Wampah during an Economic Advisory Committee meeting said the continuous fall of the cedi will soon be resolved, but Dr. Opoku believes he should be sacked for failing to resolve the country’s financial challenges.

The Bank of Ghana in February introduced measures to save the free fall of the cedi, but Mr. Opoku believes those measures were “ill-thought-through measures” which will worsen Ghana’s economy.

Dr. Opoku further stated that Dr. Wampah put the country through “unwarranted problems” by taking certain poor decisions.

“When I review the way he handled the sale of Merchant Bank, I thought that was good enough to leave but he didn’t…he put us through this unwarranted situation.”

He noted that Ghana recorded “gargantuan failure” under his leadership, adding that a lot of non-banking financial institutions had collapsed under his watch.

“People have lost millions of cedis because of the weird sale of Merchant Bank and the two-tier pension scheme that has been mismanaged… they cannot even account for monies that went missing. He should go so the Bank of Ghana’s respect is not lost,” Dr. Matthew Opoku Prempeh insisted.

Source: citifmonline.com
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