Ghana News

BoG Expenditure Portrays Government As Inconsiderate And Thoughtless – Mr. Benjamin Kofi Quashie States

Mr. Benjamin Kofi Quashie, South African National Democratic Congress Council of Elders Chairman has slammed the Bank of Ghana’s expenditure of a whopping 97.4 million and 1.316 trillion cedis on foreign and domestic travels and motor maintenance and running respectively.

He questioned whether the Bank of Ghana (BoG) has been using Jaguars and Rolls Royce’s for their operations to occasion such quantum of monies expended.

Mr. Benjamin Quashie in a telephone interview today, 9th August, 2023, on CTV expressed worry at the high levels of dissipation of the Ghanaian taxpayers money by the BoG.

“When we complain of not having money, this Bank of Ghana has gone round printing money for this government, printing money for this government. 2021 and 2022 alone, they’ve printed more that ¢80 billion”, he wondered, quizzing how the country got to this level.

Looking To build a high-standard website or web application? We provide top-notch website and software development services. Call/Whatsapp us at 0545 064 096 for your business websites, e-commerce websites, CRM Software, ERP Software, POS Software, and many more!

Further, he revealed that out of the ¢80 billion that was printed for government, ¢48 billion had been written-off as bad debt. “You know what that has done? It has put almost 850, 000 Ghanaians into poverty”, Mr. Kofi Quashie Emphasized.

In the view of the SA Council Chair, such reckless and unconscionable expenditure on the part of government is very thoughtless and shows a government that is highly inconsiderate of the plight of Ghanaians.

Like this Article? You can share with others via various social media platforms. Got some information to share with us?
Send us your news, opinions, advertisements or general inquiries via [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button