People should listen… Titus Glover speaks with fear

Former Greater Accra Regional Minister and Tema East MP, Titus Glover, has raised concerns about growing political interference in the work of the Bank of Ghana.

Speaking on JoyNews’ AM Show, Glover said attempts by the National Democratic Congress (NDC) to politicise the central bank could have serious consequences for the country. He warned that such actions could damage the credibility of an important state institution.

“The way the NDC want to politicise the Bank of Ghana, it will hit us in the face,” he said.

Glover criticised political actors for speaking publicly about the Bank’s financial issues before the institution itself addresses them. According to him, this goes against proper governance and communication processes.

“You have party members holding press conferences when the Bank itself has not even spoken,” he said.

He added that if the situation is not addressed quickly, it could lead to the politicisation of other state institutions. “If we don’t stop this now, they will politicise everything. It’s a recipe for disaster,” he warned.

Glover also questioned why political figures are leading discussions about the Bank’s financial position instead of allowing the Bank of Ghana to communicate officially.

“This could have been done by the Bank of Ghana themselves,” he added.

His comments come at a time when the Bank’s financial situation is under pressure. The 2025 Annual Report shows that its deficit has increased from GH¢9.48 billion in 2024. This is the fourth year in a row that the Bank has recorded losses, after deficits of GH¢60.9 billion in 2022 and GH¢10.5 billion in 2023.

Glover stressed that while accountability is important, political interference should not overshadow the role of institutions like the Bank of Ghana.