Skip to main content

Afenyo-Markin quizzes presidency over BoG Governor’s assumption of duty without Council of State approval

 


The Minority Leader, Alexander Afenyo-Markin, has written to President John Mahama regarding the appointment of the new Bank of Ghana Governor, Dr. Johnson Asiamah over his assumption of office, even before the Council of State approves of his nomination or otherwise.

The new Bank of Ghana Governor Dr. Johnson Asiamah held a brief engagement with the management of the Central Bank on Monday, February 3.

The minority leader referenced a media report about Asiamah's activities at the bank and asked the Presidency to take the necessary steps to remedy the situation in order not to set a bad precedent.

If, for instance, a judicial nominee were to take their seat in court and begin administering justice before receiving the necessary approvals from the Judicial Council, it would be widely deemed inappropriate,” the letter noted, emphasizing that the same principle should apply to the nomination of Dr. Asiamah.

There are also questions regarding the potential ramifications should the Council of State, once constituted, decide not to approve Dr Asiamah's nomination.

What measures will be taken to address the actions he has already undertaken in his assumed capacity?” the letter queried, urging a thorough review of the situation.

The letter further called for Dr Asiamah to refrain from engaging in official duties at the Bank of Ghana until his nomination has been formally approved. While awaiting confirmation, the letter suggested that he could seek necessary briefings outside the official assumption of office.

"While awaiting confirmation, he can seek any necessary briefings outside the formal assumption of office," the letter read

 

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...