Exclusive,How The Central Bank Of Ghana Lost $5B In One Year
(BBC)- Ghana – once touted as a trailblazing African economic success story – is facing an unprecedented financial crisis.
This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana and his two deputies to resign over the loss of about 60bn Ghanaian cedis ($5.2bn; £4.3bn) in the 2022 financial year.
The demonstration, dubbed #OccupyBoG, was led by the opposition National Democratic Congress (NDC) party. The protestors, dressed in red shirts, scarves and berets, chanted songs and held banners – some reading “stop the looting, we are suffering”.
The opposition claims the bank printed money illegally to lend to the government, leading to the depreciation of the currency and crippling inflation.
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