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General News Sat, 16 Mar 2019

Bank of Ghana governor is an incompetent talkative - Adongo jabs

Ranking Member of Finance, Hon Isaac Adongo has taken on the Governor of the Central Bank, Dr. Ernest Kwamina Yedu Addison for being obsessed with speaking as though he is a foot soldier of one of the two major political parties in the country.

The lawmaker observed that the public commentary of the renowned banker has some dire consequence on the industry and advised him to hasten slowly in engaging in media interviews like his predecessors.

Speaking on Good Evening Ghana on Metro TV monitored by MyNewsGh.com, he said “Dr Addison is the most talkative governor I have ever seen. Governors when they speak, they speak sparingly and it is a privilege to hear governors speak…because when a governor speaks just one word it can have dire consequences for an industry”

According to him, Dr. Addison, on the contrary, is always willing to speak without recourse to the consequence his interviews may have on the industry reiterating that no governor behaves in that manner.

“This governor he just have to see the cameras and he is up there talking”, he jabbed calling on him to give Ghanaians “policy steps” and “guidelines” that can restore confidence in Ghana’s financial sector rather than giving verbal excuses.

“The Governor of the bank of Ghana should come out with policy steps, guidelines and timelines to ensure confidence. Give us assurance beyond telling us our deposits are safe we have heard that long time ago”, he challenged

This come on the back of claims by musician and member of the New Patriotic Party (NPP), Kwame Asare Obeng better known as A Plus that the BoG governor lacks wisdom and common sense to deal with the banking crises, observes that his interest only lies in collapsing local banks and now considering same for savings and loans companies.

“The governor of Bank of Ghana lacked two things in his handling of the banking crises; wisdom and common sense. In Ghana, people like to be seen to be working than actually working”

Source: mynewsgh.com
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