We do not benefit from high interest rates – BoG refutes claims

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• Patrick 1 year ago

  Shameless and dishonest! Respond to the facts:
  You made a net interest income of more than GHS1.8 billion in 2022 alone. You paid yourself more than GHS736,000 per staff that year, and gave free loans averaging more than GH ...
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  Shameless and dishonest! Respond to the facts:
  You made a net interest income of more than GHS1.8 billion in 2022 alone. You paid yourself more than GHS736,000 per staff that year, and gave free loans averaging more than GHS566,000 per staff. That’s criminal!!

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• Nana Bankyemhene 1 year ago

  This Togbe Afede man, as usual, doesn't know what he is talking about. A populist grandstander always courting fans from the undiscerning public by attacking institutions and people in power. Always attacking presidents, nati ...
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  This Togbe Afede man, as usual, doesn't know what he is talking about. A populist grandstander always courting fans from the undiscerning public by attacking institutions and people in power. Always attacking presidents, national house of chiefs, council of state, other chiefs and anyone he sees to have any power, claiming he is the paragon of virtue. Meanwhile he doesn't know much! With his bogus, made up economic theories. He is campaigning for Mahama to separate the Chairman role of the Bank of Ghana from the Governor, and make him the Chairman. Thatcwould be the biggest mistake Mahama makes sending him anywhere near our monetary policy management. He would collapse the bank with quarelling with all the economists there, tge Ministry of Finance, the EMT, and the World Bank claiming to teach them economics. 90% of the staff at the bank would resign in 3 months. That is the ridiculuous character that man is!! Mahama, if you dont know his incompetence and character of disfunctional and chaotic leadership, go and check!! Childish envy, Ken Ofori Atta became Minister of Finance, so he also has to force and get some high post. Very self obsessed and power mad individual. Check how he collapsed Pioneer Kitcheneare in Tema. A manufacturing company on the stock exchange, the company has been removed from there, and doesn't produce anymore. All the workers are home. Incompetent, but he would hounding and always be pointing fingers at management if Bank of Ghana, for many years. A rural bank even, you give it to him, he would collapse it in one month. Always doing this things for self promotion for fans from the public. Meanwhile you don't know much economics

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• STONEBWOY 1 year ago

  HE HAS A PROBLEM WITH WORKERS EARNING GOOD SALARIES, CAR LOANS, MORRHAYE LOANS, ETC? THANL GOD NONE OF MY FAMILY MEMBERS WOULD EVER WORK AT THAT HIS ZOO SAS COMPANY. TWEEEAH

  HE HAS A PROBLEM WITH WORKERS EARNING GOOD SALARIES, CAR LOANS, MORRHAYE LOANS, ETC? THANL GOD NONE OF MY FAMILY MEMBERS WOULD EVER WORK AT THAT HIS ZOO SAS COMPANY. TWEEEAH

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• Nana Bankyemhene 1 year ago

  For many years his accusations and harangue against the Bank of Ghana was that their economists (many with Phds in economics from the best schools in the world, which no one dreamed of awarding him) didn't know how to project ...
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  For many years his accusations and harangue against the Bank of Ghana was that their economists (many with Phds in economics from the best schools in the world, which no one dreamed of awarding him) didn't know how to project for inflation (a first year topic in undergrad oh), that's why they were setting high policy rates, and he James Akpo with introductory to economics class in accounting programme, was the one coming to teach them. When his bonus effusions have been snubbed for many years, ignored by professionals. He now is changing tactics, trying to rally the ujdiscerning public against Bank of Ghana by claiming he has found their salaries to be excessive, that they dont love Ghana as much as he Afede does, blah blah, so they should support him. All of these for just to be appointed as the Chairman of the bank, a selfish, glory hunting , fame hungry, self promotion. Meanwhile he won't add any substantive value to the bank apart from confusion and disfunctional, even zero leadership. Mahama should try this clown and see, every morning there would be insulting press releases between the EMT, Ministry of Finance, the World Bank, etc. sbout economic management. The daily activities of Bank of Ghana will grind to a halt to satisfy this guy ego. Majority of the staff would resign. To the people giving him fans when he is doing these his diabolic, self promotion things, hmmm, you DO NOT KNOW this Afede personality. Go and check why people don't like to do anything with him or go near him. Go and check at the national house of chiefs

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• BoG Staff Association 1 year ago

  Afede should release the salary schedule he thinks is appropriate for us. So we know what to expect and whether continue working at the bank under NDC. Always promoting and causing confusion without offering any solutions. My ...
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  Afede should release the salary schedule he thinks is appropriate for us. So we know what to expect and whether continue working at the bank under NDC. Always promoting and causing confusion without offering any solutions. Myopic, narrow minded character. If he ever becomes the Governor or chairman of BoG, we would all resign. He should come and do the work himself!!!!!!

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• TWEEEEEA DCE 1 year ago

  Mtscheeeeeew! This Togbe Afede should look online for this document and learn:
  
  BANK OF GHANA’S FORECASTING AND POLICY ANALYSIS SYSTEM, OCCASIONAL PAPERS No. 1/2022.
  
  He thinks its the 2x4 accounting, class 1 economics, ...
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  Mtscheeeeeew! This Togbe Afede should look online for this document and learn:
  
  BANK OF GHANA’S FORECASTING AND POLICY ANALYSIS SYSTEM, OCCASIONAL PAPERS No. 1/2022.
  
  He thinks its the 2x4 accounting, class 1 economics, and so-called, self acclaimed intellectualism, over excessive pride we are talking about. Hmmm , some people are just some strange human beings

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• Kojo 1 year ago

  Wow! Gross interest income of GH₵5.09 billion (net GH₵1.8 billion) in 2022, yet BOG has not benefited from high interest rates?

  Wow! Gross interest income of GH₵5.09 billion (net GH₵1.8 billion) in 2022, yet BOG has not benefited from high interest rates?

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• Nana Bankyemhene 1 year ago

  Kweku Tsin. Otchee-do-Chee

  Kweku Tsin. Otchee-do-Chee

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• Nana Bankyemhene 1 year ago

  For the billions of open market operations (OMO) that the central bank does in the interbank market every week, if they benefited from high policy rates, the net interest income (NII) would be humongous. It would be like comp ...
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  For the billions of open market operations (OMO) that the central bank does in the interbank market every week, if they benefited from high policy rates, the net interest income (NII) would be humongous. It would be like comparing 100,000 Ghana cedis income to pesewas in expenditure. This man Togbe Afede won't let anyone he sees has power rest to do their work, always hounding the management with his bogus, infantile economic theories. Your education, training and experience are no where close to the economists at the Bank of Ghana, but always posturing as if he knows any banking. A complete ZERO indicidual in economics!!!!!!!!! Nobody in ecibomics knows you, shut the fuxk up. Mtscheeeew

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• Agyeman 1 year ago

  Hahaha, “Nana Bankyemhene”, a staff of BOG, desperately trying to protect their illicit earnings. Don’t worry, Ghanaians know who is telling the truth. The cat is out of the bag.

  Hahaha, “Nana Bankyemhene”, a staff of BOG, desperately trying to protect their illicit earnings. Don’t worry, Ghanaians know who is telling the truth. The cat is out of the bag.

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• Tawiah 1 year ago

  Nana Bankyemhene, or whatever, you hate the truth so much? When you are sobber, please read through the nonsense you've written and advise yourself. The truth stands!

  Nana Bankyemhene, or whatever, you hate the truth so much? When you are sobber, please read through the nonsense you've written and advise yourself. The truth stands!

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• Achakanapaya 1 year ago

  This useless Akuffo Addo's government will respond to every issue that they know for the facts that is true. Shameless, dishonest, useless, senseless, clueless, thieves and Lai's brigade government.
  A vote for Bawulair Timot ...
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  This useless Akuffo Addo's government will respond to every issue that they know for the facts that is true. Shameless, dishonest, useless, senseless, clueless, thieves and Lai's brigade government.
  A vote for Bawulair Timothy is a vote for Akuffo Addo's 3rd term in office piriod.

  reply